Birol, Ekin; Hanley, Nick; Koundouri, Phoebe; … - Department of Land Economy, University of Cambridge - 2007
conservation and improvement of recreational access, are investigated. A latent class model and a covariance heterogeneity model … are estimated to account for heterogeneity in the preferences of the local public. The results reveal that there is … considerable preference heterogeneity across the local public; however on average they derive the highest values from reductions of …