This paper is an inquiry into the optimal allocation of time and natural areas to recreational uses, which have the feature of being a pure and continuous public good. We address this issue with a comprehensive approach. A static rational general equilibrium framework is developed in which...

Beginning in 1965 Nobel Laureate Gary Becker realized that shadow prices, which reflect the value of one's time, may be at least as important as money prices. Implications of his resulting theory of time allocation were not tested until much later when governments began to collect extensive data...

Die bundesdeutschen Fußballvereine weisen ein Umsatzvolumen auf, das dem mittelständischer Unternehmen entspricht. Gleichzeitig zeigt die hohe Verschuldung vieler Vereine, daß sie diesen Anforderungen nur unzureichend gewachsen sind. In diesem Beitrag soll anhand statistischer Auswertungen...