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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Tag Archives: value of travel time
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
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