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Can benefits in recreational parks in Malaysia be transferred? A choice experiment (CE) technique


Hasan Basri, Bakti and Abd Karim, Mohd Zaini (2014) Can benefits in recreational parks in Malaysia be transferred? A choice experiment (CE) technique. International Journal of Tourism Research. ISSN 1099-2340

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Abstract

This paper analyses benefit transfer in the case of recreational parks using the choice experiment (CE) technique.The CE was employed because it allows different changes in recreational park attributes to be taken into account.The analyses were performed in terms of transferability of valuation function and willingness to pay (WTP) values.The results for the valuation function suggest that the estimated coefficients between the two sites are not transferable.However, the estimated WTP values can be transferred.The results suggest the suitability of using the CE approach in analysing benefit transfer if the objective is to transfer the WTP values rather than the valuation function.

Item Type: Article
Uncontrolled Keywords: choice experiment (CE); benefit transfer; environmental valuation; recreational parks; willingness to pay (WTP)
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Othman Yeop Abdullah Graduate School of Business
Depositing User: Dr. Bakti Hasan Basri
Date Deposited: 11 Aug 2015 02:54
Last Modified: 18 Apr 2016 00:56
URI: http://repo.uum.edu.my/id/eprint/15111

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