DRAFT
May 15, 2002
Estimating The Opportunity Cost of Recreation Time in An
Integrable 2-Constraint Count Demand Model
Douglas M. Larson", Daniel K. Lew, and Sabina L. Shaikh*
May 2002
JEL Classification Codes: J22, Q26
Selected Paper for the Annual Meeting of the
American Agricultural Economics Association
Long Beach, CA
July 28-31, 2002
Abstract
How researchers treat the opportunity cost of time substantially influences recreation demand
parameter and welfare estimates. This paper presents a utility-theoretic and implementable
approach, estimating the shadow value of time jointly with recreation demands for coastal
activities, using a generalization of the semilog demand system in a two-constraint model.
Copyright 2002 by Douglas Larson, Daniel Lew, and Sabina Shaikh.
All rights reserved. Readers may make verbatim copies of this document for non-commercial
purposes by any means, provided that this copyright notice appears on all such copies.
Larson and Lew: Department of Agricultural and Resource Economics, University of California,
Davis, CA 95616. "Corresponding Author: Phone (530) 752-3586, Fax (530) 752-3586;
email [email protected].
Shaikh: Faculty of Agricultural Sciences, University of British Columbia, Vancouver, B.C.
Canada V6T 1Z4 (604) 822-2144, email [email protected].
More intriguing information
1. Herman Melville and the Problem of Evil2. he Virtual Playground: an Educational Virtual Reality Environment for Evaluating Interactivity and Conceptual Learning
3. Conservation Payments, Liquidity Constraints and Off-Farm Labor: Impact of the Grain for Green Program on Rural Households in China
4. The name is absent
5. What Lessons for Economic Development Can We Draw from the Champagne Fairs?
6. BILL 187 - THE AGRICULTURAL EMPLOYEES PROTECTION ACT: A SPECIAL REPORT
7. The WTO and the Cartagena Protocol: International Policy Coordination or Conflict?
8. Gender and headship in the twenty-first century
9. Foreign Direct Investment and the Single Market
10. The name is absent