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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Effects on welfare measures of alternative means of accounting for preference heterogeneity in recreational demand models
Author(s): Hynes, Stephen
Hanley, Nicholas
Scarpa, Riccardo
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Keywords: preference heterogeneity
travel cost models
Travel time (Traffic engineering) Mathematical models
Travel cost
Issue Date: Nov-2008
Date Deposited: 21-Oct-2009
Citation: Hynes S, Hanley N & Scarpa R (2008) Effects on welfare measures of alternative means of accounting for preference heterogeneity in recreational demand models. American Journal of Agricultural Economics, 90 (4), pp. 1011-1027.
Abstract: Multiattribute-revealed preference data are used to investigate heterogeneity in a sample of kayakers for a panel of whitewater sites in Ireland. This article focuses on a comparison of preference heterogeneity using a random parameter logit model with correlated tastes and a latent class model, in terms of the implications for welfare measures of environmental quality and site-access changes. Recreationalists' skill levels are found to affect preferences in both approaches. Statistics for the estimated distribution of welfare changes for the average respondent are computed for changes in site attributes, but contrary to previous work, these are found to be of similar magnitude.
DOI Link: 10.1111/j.1467-8276.2008.01148.x
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