Hynes, Stephen; Hanley, Nick; Garvey, Eoghan - In: Environmental & Resource Economics 36 (2007) 4, pp. 413-426
We adapt the standard random utility model to take account of the heterogeneity of recreational preferences by using what we call a “skilled-based conditional logit framework”. By separating out our sample of whitewater kayakers into two exogenously identifiable groups (based on their skill...
