Heterogeneous preferences for congestion during a wilderness experience |
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| Institution: | 1. Departamento de Economía, E.T.S.Ingenieros Agrónomos, Universidad Politécnica de Madrid, Madrid, Spain;2. Department of Agricultural Economics & Rural Development, Agricultural University of Athens, 11855, Athens, Greece;3. Department of Agricultural Economics & Agribusiness, University of Arkansas, Fayetteville, AR 72701, USA |
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| Abstract: | This analysis breaks down the congestion levels experienced during specific parts of a wilderness canoe trip. By explicitly addressing the heterogeneity in preferences for congestion during a trip, we are able to determine the relative value canoeists place on solitude at different points of a trip. Our econometric model utilizes a random effects probit framework to efficiently estimate the welfare impacts of congestion on each trip portion. The welfare effects of congestion levels vary across wilderness areas, parts of a trip and individuals. |
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