Modelling Recreation Demand Using Choice Experiments: Climbing in Scotland
Environmental and Resource EconomicsPublished 1 July 2002
Nick Hanley, Robert E. Wright, Gary Koop
Citations233
SJR quartileQ1
SJR score1.38
SNIP1.21
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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 results with a revealed preference data model based onthe same sample of climber.
Keywords
Social SciencesDecision SciencesEconomics, Econometrics and Finance
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