A Latent Class Analysis of Public Attitudes toward Water Resources with Implications for Recreational Demand

Oren Ehrlich, Xiang Bi, Tatiana Borisova () and Sherry Larkin

No 235853, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: This study examines the extent to which heterogeneous environmental attitudes influence recreational demand in a river basin and the valuation of recreational benefits. We first employed a latent class analysis to reveal two distinct classes of respondents that differ in their environmental attitudes despite representing similar demographic characteristics. We then estimated a recreational demand model conditional on respondent’s latent class membership after controlling for the probabilistic nature of the membership classification. We found that environmental attitudes directly influence consumer recreational demand and valuation. Ignoring preference heterogeneity leads to overestimation of the recreational benefits.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 36
Date: 2016-07-31
New Economics Papers: this item is included in nep-dcm, nep-env and nep-mkt
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: A latent class analysis of public attitudes toward water resources with implications for recreational demand (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:235853

DOI: 10.22004/ag.econ.235853

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