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Leisure activities such as local recreation trips usually take place in discrete blocks of time that are surrounded by time devoted to other commitments. It can be costly to transfer time between blocks to allow for longer outings. These observations affect the value of time within those blocks...
Persistent link: https://www.econbiz.de/10012463663
Most economic models for time allocation ignore constraints on what people can actually do with their time. Economists recently have emphasized the importance of considering prior consumption commitments that constrain behavior. This research develops a new model for time valuation that uses...
Persistent link: https://www.econbiz.de/10012465052
This paper provides a convergent validity test of two types of multinomial choice questions vis-¨¤-vis a dichotomous choice question by formally testing whether these stated preference elicitation question formats provide comparable welfare estimates. In particular, a dichotomous choice...
Persistent link: https://www.econbiz.de/10010888590
As part of the Resources for the Future Frontiers of Environmental Economics collection of papers, we consider the problem of general equilibrium feedback effects in non-price space as they relate to non-market valuation. Our overall objective is to examine the extent to which non-price...
Persistent link: https://www.econbiz.de/10005293559
Persistent link: https://www.econbiz.de/10005293677
Persistent link: https://www.econbiz.de/10005298435
As part of the Resources for the Future Frontiers of Environmental Economics collection of papers, we consider the problem of general equilibrium feedback effects in non-price space as they relate to non-market valuation. Our overall objective is to examine the extent to which non-price...
Persistent link: https://www.econbiz.de/10005023640
We propose an approach to model the derived demand for crop varieties among semi-subsistence farmers in a developing economy, and apply it to smallholder banana producers in Uganda. We model variety planting decisions as being composed of an extensive margin decision to grow a subset of locally...
Persistent link: https://www.econbiz.de/10005156684
Persistent link: https://www.econbiz.de/10009394147
Repeated logit models are among the most commonly applied methods for modeling seasonal recreation demand. In this article we examine the capabilities of the repeated nested logit and repeated mixed logit models to capture patterns of error correlation and demand substitution. Particular...
Persistent link: https://www.econbiz.de/10009397542