A Multi-Attribute Extension of Discrete-Choice Contingent Valuation for Valuation of Angling Site Characteristics

Abstract An extended version of the discrete choice contingent valuation method for valuation of angling site attributes is considered in this paper. The respondent is asked to choose among existing angling sites and a described hypothetical site. A new contribution is the approach suggested for modeling this kind of data where hypothetical alternatives are compared with existing ones. A major advantage of this new modeling approach is that it avoids the substantial need for information on existing angling sites. Results from an application of the method and the modeling approach are also presented.

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