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In this paper, we report the results of an online choice experiment designed to test the theoretical consistency of stated preferences for a complex predominantly non-use good. Our case study concerns the values held by UK residents for the conservation of wildlife in the Eastern Arc Mountains...
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This study adopts a discrete choice modelling methodology to evaluate individuals' preferences over planning alternatives for an urban site of environmental interest. Since such projects involve some uncertainty and irreversibility, a special attention is devoted to the estimation of the...
Persistent link: https://www.econbiz.de/10008780590
In this paper, we report the results of an online choice experiment designed to test the theoretical consistency of stated preferences for a complex predominantly non-use good. Our case study concerns the values held by UK residents for the conservation of wildlife in the Eastern Arc Mountains...
Persistent link: https://www.econbiz.de/10003941748
Persistent link: https://www.econbiz.de/10010251240
The opportunity Value of Travel Time (VTT) is one of the most important parts of the total cost of recreation day-trips and arguably the most difficult to estimate. Most studies build upon the theoretical framework proposed by Becker's (1965) by using a combination of revealed and stated...
Persistent link: https://www.econbiz.de/10009611637
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Persistent link: https://www.econbiz.de/10013162883
This paper proposes a flexible modelling approach for either stated or revealed preference nonmarket valuation studies based on Generalized Additive Models (GAMs). GAMs encompass non-linear relationships via smooth functions, thereby avoiding imposing restrictive parametric specifications, which...
Persistent link: https://www.econbiz.de/10013146758