Premium
Effects on Welfare Measures of Alternative Means of Accounting for Preference Heterogeneity in Recreational Demand Models
Author(s) -
Hynes Stephen,
Hanley Nick,
Scarpa Riccardo
Publication year - 2008
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1111/j.1467-8276.2008.01148.x
Subject(s) - respondent , mixed logit , econometrics , preference , welfare , economics , sample (material) , recreation , logit , latent class model , estimation , affect (linguistics) , quality (philosophy) , distribution (mathematics) , statistics , logistic regression , microeconomics , mathematics , psychology , ecology , biology , law , chemistry , communication , chromatography , political science , market economy , philosophy , mathematical analysis , management , epistemology
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.