Fezzi, Carlo; Bateman, Ian J.; Ferrini, Silvia - In: Journal of Environmental Economics and Management 67 (2014) 1, pp. 58-70
The opportunity Value of Travel Time (VTT) is one of the most important elements of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker (1965) by using a combination of revealed and stated...
