Journal
ENVIRONMENTAL & RESOURCE ECONOMICS
Volume 22, Issue 3, Pages 449-466Publisher
KLUWER ACADEMIC PUBL
DOI: 10.1023/A:1016077425039
Keywords
choice experiments; complexity; environmental valuation; rationality; recreation demand; rock climbing
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This paper is concerned with the use of the choice experiment method for modelling the demand for recreation, using the example of rock-climbing in Scotland. We begin by outlining the method itself, including its theoretical and econometric underpinnings. Data collection procedures are then outlined. We present results from both nested and non-nested models, and report some tests for the implications of choice complexity and rationality. Finally, we compare our results with a revealed preference data model based on the same sample of climbers.
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