In this paper, we apply the contingent rating method to the problem of estimating a value for leisure time. This is an important component of recreation demand models. A tradition in this literature has been to use some fixed percentage of the wage rate as the value of time. However, time values...

Recent moves in the European Union have been made towards a toughening of legislation on bathing water quality. This has focussed policy-makers thoughts on the welfare benefits resulting from such improvements, especially given their cost. Our paper uses a combined stated and revealed preference...

Recent moves in the European Union have beenmade towards a toughening of legislation onbathing water quality. This has focussedpolicy-makers thoughts on the welfare benefitsresulting from such improvements, especiallygiven their cost. Our paper uses a combinedstated and revealed preference...