Heterogeneity in the WTP for recreational access: distributional aspects

Danny Campbell (), Suzanne Elizabeth Vedel, Bo Thorsen and Jette Bredahl Jacobsen

Journal of Environmental Planning and Management, 2014, vol. 57, issue 8, 1200-1219

Abstract: In this study we have addressed appropriate modelling of heterogeneity in willingness to pay (WTP) for environmental goods, and have demonstrated its importance using a case of forest access in Denmark. We compared WTP distributions for four models: (1) a multinomial logit model, (2) a mixed logit model assuming a univariate Normal distribution, (3) or assuming a multivariate Normal distribution allowing for correlation across attributes, and (4) a mixture of two truncated Normal distributions, allowing for correlation among attributes. In the first two models mean WTP for enhanced access was negative. However, models accounting for preference heterogeneity found a positive mean WTP, but a large sub-group with negative WTP. Accounting for preference heterogeneity can alter overall conclusions, which highlights the importance of this for policy recommendations.

Date: 2014
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Citations: View citations in EconPapers (15)

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DOI: 10.1080/09640568.2013.793173

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