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The allocation of individual time can have a ‘commodity value’ if the use of time is enjoyable. This paper investigates the commodity value of travel time in recreational activities. The study focuses on recreational boating in East Texas. After specifying a model of multisite recreational demand for boating, the commodity value of travel time to each site is estimated. Implications of the results for the analysis of outdoor recreation are discussed
Chavas et al. (Thu,) studied this question.
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