Participation in sports and participation in cultural activities are usually considered separately in economic empirical studies. Because both of these activities are forms of leisure, this paper analyzes the determination of their consumption as joint and related decisions. Our theoretical framework is the neoclassical theory of the allocation of time. Our empirical analysis begins with a Constant Elasticity Substitution (CES) utility function, which we use to estimate the decision to participate in sports and cultural activities in the first stage. Conditional on the results of this...Read more
