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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

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