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 the last years concerning the characterization of the physical background in which...

Benefit transfer has gained importance in public policy evaluation. Indeed, it allows using results from one or more valuation exercises in a cost-benefit analysis context. However, there are still key methodological issues capturing the interest of researchers, relating to both the best way to...

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...