Browsing College of Business, Public Policy and Law by Author "Hanley, Nick"
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Measuring the opportunity cost of time in recreation demand modelling: an application to a random utility model of whitewater kayaking in Ireland
Hanley, Nick; O'Donoghue, Cathal (National University of Ireland, Galway, 2004)The treatment of the opportunity cost of travel time and the measurement of travel costs in recreational demand modelling has been a contentious issue for many decades. This paper demonstrates how a potential wage rate ...