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Using revealed preferences to estimate the value of travel time to recreation sites

Fezzi, Carlo; Bateman, Ian; Ferrini, Silvia - 2012

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...

Persistent link: https://www.econbiz.de/10009611637