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- 4Revealed preferences
- 1Consumer behaviour
- 1Contingent valuation
- 1Count Model
- 1Economic assessment
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...
The psychology, the marketing consumer behavior and, to a much smaller extent, the economics literature have long reported evidence that decision makers utilize different decision strategies depending upon many factors (person-specific, task-specific, etc.). Such observations have generally...
A stated preference model and a revealed preference model for recreational site choice are examined and compared. Both models are based on random utility theory and the data are obtained from the same individuals. The stated preference model is based on the respondent's choice from hypothetical...
Contingent valuation (CV) has been employed by economists for approximately 30 years to value changes in natural resources and environments. Estimating the value of resource improvements or damages is analogous to the problem in marketing research of estimating the demand for new products or...