The value of leisure time of weekends and long holidays: The multiple discrete-continuous extreme value (MDCEV) choice model with triple constraints
The value of leisure time of weekends and long holidays: The multiple discrete-continuous extreme value (MDCEV) choice model with triple constraints
复制标题
周末和长假休闲时间价值：三重约束的多重离散连续极值（MDCEV）选择模型
DOI：
10.1016/j.jocm.2020.100238
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发表时间：
2020
影响因子：
2.4
通讯作者：
Takahiro Tsuge
中科院分区：
文献类型：
--
作者：
Koichi Kuriyama;Yasushi Shoji;Takahiro Tsuge
本研究应用多重离散-连续极值模型（MDCEV），以三重约束来识别周末和长假期间的休闲时间价值。我们的方法模型的经济行为的休闲旅游预算，周末的持续时间和假期的持续时间的三重约束。计量经济学模型的开发，以构建一个估计，使用观察到的分配货物和时间之间的一个周末和一个长假。我们提出的方法模型内生时间分配和分析之间的替代效应周末和长假。此外，我们使用Karush-Kuhn-Tucker条件和马尔可夫链蒙特卡罗（MCMC）方法求解一个非线性方程组，该方法构建了休闲时间，需求预测和福利分析的价值。最后，我们将所提出的模型应用于日本国家公园的娱乐需求。结果表明，周末和长假的休闲时间价值存在显著差异，两者之间的替代效应较低。
In this study, we apply the multiple discrete–continuous extreme value (MDCEV) model with triple constraints to identify the value of leisure time during weekends and long holidays. Our approach models the economic behavior of leisure trips with the triple constraints of budget, duration of weekend, and duration of holiday. The econometric model is developed to construct an estimation using the observed allocation of goods and time between a weekend and a long holiday. Our proposed approach models endogenous time allocation and analyzes the substitution effect between weekends and long holidays. Furthermore, we solve a system of nonlinear equations using the Karush-Kuhn-Tucker condition and the Markov Chain Monte Carlo (MCMC) method, which constructs the value of leisure times, demand prediction, and welfare analysis. Finally, we apply the proposed model to the recreation demand for national parks in Japan. The results suggest a significantly large difference in the value of leisure time between weekends and long holidays with low substitution effects between them.