Bestard, Angel Bujosa; Font, Antoni Riera; Hicks, Robert L. - Centre de Recerca Econòmica (UIB ·"Sa Nostra") - 2009
This paper investigates heterogeneity in preferences for forest recreators in Mallorca, Spain. We develop a latent class approach combining discrete and continuous representations of tastes and compare it with the conventional latent class and random parameter logit approaches. We investigate...