Abstract
This paper is concerned with the use of thechoice experiment method for modelling thedemand for recreation, using the example ofrock-climbing in Scotland. We begin byoutlining the method itself, including itstheoretical and econometric underpinnings. Datacollection procedures are then outlined. Wepresent results from both nested and non-nestedmodels, and report some tests for theimplications of choice complexity andrationality. Finally, we compare our resultswith a revealed preference data model based onthe same sample of climbers.
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Hanley, N., Wright, R.E. & Koop, G. Modelling Recreation Demand Using Choice Experiments: Climbing in Scotland. Environmental and Resource Economics 22, 449–466 (2002). https://doi.org/10.1023/A:1016077425039
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DOI: https://doi.org/10.1023/A:1016077425039