A nonparametric random effects model for the valuation of forest recreation services: An application to forest sites in Tuscany, Italy
Andrea Pellegrini,
Ginevra Virginia Lombardi,
Riccardo Scarpa
et al.
Abstract:This study assesses individuals' preferences for the use of forest sites for recreational purposes by means of the logit‐mixed logit (LML) model. The appeal of the LML is that the analyst does not need to assume any specific functional form for the mixing distributions of random preferences. The empirical analysis generates a data‐driven nonparametric representation of individuals' preference heterogeneity. We apply this approach to data collected using an unlabelled discrete choice experiment (DCE), consistin… Show more
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