We argue that the literature concerning the valuation of non-market, spatially defined goods (such as those provided by the natural environment) is crucially deficient in two respects. First, it fails to employ a theoretically consistent structural model of utility to the separate and hence...

Choice Experiments (CE) are increasingly used to estimate the values of environmental goods andservices. CE questionnaires represent the environmental good under valuation by varying levels ofnon-market attributes. Inclusion of a cost attribute enables the estimation of monetary values...

La necesidad de considerar el valor de bienes sin mercado en distintos contextos, ha llevado al uso de metodos de valoracion basados en preferencias. Estos metodos, a pesar del aporte de informacion que proporcionan, adolecen de ciertas dificultades reconocidas en la literatura economica, entre...

Environmental valuation is the branch of environmental economics in which researchers estimate the economic value of environmental goods and services. Environmental valuation has been practiced for decades. However, there are some ideas in the field of environmental valuation held by many...

Woodlands on the Veneto region plain have progressively disappeared since the 19th century. This has led to a decrease in environmental and landscape quality with fewer social benefits accruing from the rural land. The demand for environmental conservation and recreational areas has increased in...

Choice experiments (CEs) are an increasingly important tool in the environmental valuation literature because of their ability to deal with multifaceted environmental issues and their basis in random utility theory. One particularly useful aspect of the CE method is that it allows researchers to...

A finite mixture approach toconditional logit models is developed in whichlatent classes are used to promoteunderstanding of systematic heterogeneity. The model is applied to wilderness recreationin which a branded choice experiment involvingchoice of one park from a demand system...