Article1983

The Opportunity Cost of Travel Time in Recreation Demand Models

V. Kerry Smith · William H. Desvousges · Matthew P. McGivney

188 citations0/0 files storedLand Economics

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Economic and Environmental Valuation Recreation, Leisure, Wilderness Management Socioeconomics of Resources and Conservation

Abstract

Deciding how to allocate forage among animals is a fundamentally important process in range management. The wisdom of these decisions can be enhanced by estimating the marginal value of forage needed by competing species. We present a method for ...

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1965A Theory of the Allocation of Time 1974A Theory of Social Interactions 1979Measuring Values of Extramarket Goods: Are Indirect Measures Biased?1976Value of Time in Recreation Benefit Studies 1968The Interpretation and Estimation of Cobb-Douglas Functions 1982The Benefits of Environmental Improvement: Theory and Practice 1981Measuring the Cost of Time in Recreation Demand Analysis: An Application to Sportfishing 1971Estimation of Net Social Benefits from Outdoor Recreation

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2009The Economic Valuation of Environmental Amenities and Disamenities: Methods and Applications 1992On‐Site Time in the Demand for Recreation 1999Estimating the Cost of Leisure Time for Recreation Demand Models 1992Searching for the Opportunity Cost of an Individual's Time 2013Using revealed preferences to estimate the Value of Travel Time to recreation sites 1986A Comparison of Direct and Indirect Methods for Estimating Environmental Benefits

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