The name is absent

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].

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