Time and monetary budget scenarios and changes in expenditures to leisure-out-of-home activities : a stated adaptation experiment

Time constraint is an important concept in activity-based analysis as its aim is to understand the allocation of time to activities and travel in time and space. Time use for activities is however also affected by monetary constraints. Surprisingly, very few models include monetary budgets although many activities require money directly or indirectly. This paper documents the application of logit analysis to savings in time and money under different scenarios in the context of leisure activities.