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.

在这项研究中，我们应用具有三重约束的多重离散-连续极值（MDCEV）模型来确定周末和长假期间休闲时间的价值。我们的方法以预算，周末持续时间和假期持续时间的三重约束来模拟休闲旅行的经济行为。开发了计量经济学模型，以使用观察到的周末和长假之间的商品和时间分配来构建估算。我们提出的方法对内生时间分配进行建模，并分析了周末和长假之间的替代效果。此外，我们使用Karush-Kuhn-Tucker条件和马尔可夫链蒙特卡洛（MCMC）方法求解非线性方程组，该系统构造了闲暇时间，需求预测和福利分析的价值。最后，我们将提出的模型应用于日本国家公园的休闲需求。结果表明，周末与长假之间的闲暇时间价值存在显着差异，二者之间的替代作用较低。