Category Archives: Recreation

The Value of Time in the Travel Cost Method

Travel costs used in valuing recreational sites often include the value of travel time at around 1/3 of the wage rate.  A recent study suggests the fraction should be higher, for some travellers at least. Originally posted 3/12/2013.  Re-posted following … Continue reading

Posted in Recreation | Tagged , | Leave a comment

The Travel Cost Method – Some Pitfalls

The travel cost method is an essential tool in estimating the economic value of non-market recreational sites such as parks,  but its application is rarely straightforward.  Here are some of its pitfalls. Originally posted 11/8/2012.  Re-posted following site reorganisation 21/6/2016. … Continue reading

Posted in Recreation | Tagged , | Leave a comment

Economics on the Beach

A busy beach offers an interesting economic case study. I recently spent a few days on holiday with my family in Barcelona.  The weather was fine and each day we spent an hour or so on the beach.  I observed … Continue reading

Posted in Recreation | Tagged , , , , , , | Leave a comment

Green Space: An Important Use of Urban Land

How much green space does London have?  Does it have more or less than other major cities?  These simple-looking questions are not so easy to answer. I enjoy walking in parks and woodland, and over the years have visited many … Continue reading

Posted in Cities, Environment (general), Recreation | Tagged , , , | 1 Comment