Bateman, Ian (contributor); Georgiou, Stavros (contributor); … - 2005
have the following key determinants:
WTP = f(distance, socio-economics, substitutes)
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This is the point at which … and resource economics
(Bockstael, 1996). One particular use has been in accessibility modelling in order to estimate … incorporates both distance and socioeconomics.
Figure 2: Pure distance effect
Figure 3: Distance and socio-economics effect …