Leisure and the net opportunity cost of travel time in recreation demand analysis: an application to Gros Morne National Park
Título del documento: Leisure and the net opportunity cost of travel time in recreation demand analysis: an application to Gros Morne National Park
Revista: Journal of applied economics
Base de datos: CLASE
Número de sistema: 000423949
ISSN: 1667-6726
Autores: 1
2
Instituciones: 1St. Francis Xavier University, Department of Economics, Antigonish, Nova Scotia. Canadá
2Memorial University of Newfoundland, Department of Economics, St. John's, Newfoundland and Labrador. Canadá
Año:
Periodo: May
Volumen: 15
Número: 1
Paginación: 25-49
País: Argentina
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Aplicado
Resumen en inglés Using count data models that account for zero-truncation, overdispersion, and endogenous stratification, we estimate the value of access to recreational parks. The focus is on the empirical estimation of the proportion of the wage rate that best approximates park visitors’ opportunity cost of travel time within the cost of their trip and its effects on estimated consumer surplus. The fraction of hourly earnings that corresponds to the opportunity cost of travel time is endogenously estimated as a function of visitor characteristics, rather than fixed exogenously. In this case, which deals with a relatively remote recreational site, the relevant opportunity cost of time for most visitors appears to represent a smaller fraction of their wage rate than commonly assumed in previous similar studies
Disciplinas: Economía,
Geografía
Palabras clave: Teorías económicas,
Geografía económica y regional,
Condiciones económicas,
Parques nacionales,
Costo de oportunidad,
Ocio,
Viajes,
Gros Morne,
Canadá,
Turismo
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