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This paper argues that public holidays facilitate the co-ordination of leisure time but do not constrain the annual … amount of leisure. Public holidays therefore have benefits both in the utility of leisure on holidays and (by enabling people … to maintain social contacts more easily) in increasing the utility of leisure on normal weekdays and weekends. The paper …
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The opportunity Value of Travel Time (VTT) is one of the most important parts 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's (1965) by using a combination of revealed and stated...
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