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Spring 2017
Outdoor recreation is an important and yet often undervalued land use. Measurement of the economic value of outdoor recreation, assessment of the impacts of land uses on these values, and incorporation of this information into land use decisions can be useful in assessing land use tradeoffs. This...
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Economic Analysis of Choice Behavior: Incorporating Choice Set Formation, Non-compensatory Preferences and Perceptions into the Random Utility Framework
DownloadSpring 2013
The Random Utility Model has become the dominant empirical model used in environmental valuation and other areas of consumer demand analysis involving the choice of discrete items. This thesis investigates in detail three assumptions of the Random Utility Model. It consists of three studies that...