This paper investigates heterogeneity in preferences for forest recreators in Mallorca, Spain. We develop a latent class approach combining discrete and continuous representations of tastes and compare it with the conventional latent class and random parameter logit approaches. We investigate...

The accuracy of environmental valuation studies relies, to a great extent, on the suitability of the proxy measures used to capture individuals’ preferences. While important advances have been achieved in last years concerning the characterization of the physical background in which...