2002 World Congress of Environmental and Resource Economists

In this paper I consider the implications for the characterization of recreation behavior of several existing methods of modeling time costs. In particular I examine how time cost modeling decisions affect the position and tilt of the budget constraint, how these decisions impact the way that recreation preferences are characterized, and how time cost decisions ultimately affect welfare measures. I use data from the 1997 lowa wetland survey in the context of a Kuhn-Tucker system of demands estimation framework to empirically implement and compare the time cost approaches. I present estimates of price, income, and quality elasticities and welfare estimates for changes in site access fees and site attributes.



	Paper Title:	Pivots And Shifts: The Implications Of The Opportunity Cost Of Time Specification On Recreation Behavior
	Presenting Author:	Daniel J Phaneuf (NCSU)
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	Abstract:	In this paper I consider the implications for the characterization of recreation behavior of several existing methods of modeling time costs. In particular I examine how time cost modeling decisions affect the position and tilt of the budget constraint, how these decisions impact the way that recreation preferences are characterized, and how time cost decisions ultimately affect welfare measures. I use data from the 1997 lowa wetland survey in the context of a Kuhn-Tucker system of demands estimation framework to empirically implement and compare the time cost approaches. I present estimates of price, income, and quality elasticities and welfare estimates for changes in site access fees and site attributes.
	Link to paper:	Not available

	Session / Day / Time	2E / Monday / 10:15 - 11:45 am

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