Modelling Recreation Demand Using Choice Experiments: Climbing in Scotland |
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Authors: | Nick Hanley Robert E. Wright Gary Koop |
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Affiliation: | (1) Department of Economics, Adam Smith Building, University of Glasgow, Glasgow, G12 8RT, Scotland (e-mail;(2) Department of Economics, University of Stirling, UK |
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Abstract: | This paper is concerned with the use of thechoice experiment method for modelling thedemand for recreation, using the example ofrock-climbing in Scotland. We begin byoutlining the method itself, including itstheoretical and econometric underpinnings. Datacollection procedures are then outlined. Wepresent results from both nested and non-nestedmodels, and report some tests for theimplications of choice complexity andrationality. Finally, we compare our resultswith a revealed preference data model based onthe same sample of climbers. |
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Keywords: | choice experiments complexity environmental valuation rationality recreation demand rock climbing |
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