Please use this identifier to cite or link to this item: http://hdl.handle.net/10553/51135
Title: Tourists' evaluation of climate change risks in the Canary Islands: A heterogeneous response modelling approach
Authors: León González, Carmelo Javier 
Araña, Jorge E. 
González, Matías 
De León Ledesma, Javier 
UNESCO Clasification: 531290 Economía sectorial: turismo
Keywords: Bayesian mixture of normal distribution
 Contingent valuation
Climate change
Environmental risk
Tourists' preferences, et al
Issue Date: 2014
Journal: Tourism Economics 
Abstract: This paper compares the differences between the monetary measures of willingness to accept and willingness to pay (WTP) for changes in climate change risk. The empirical evidence comes from tourists in the Canary Islands. The modelling approach utilizes a Bayesian mixture of normal distribution model that allows the authors to consider heterogeneity across both WTP and willingness to accept (WTA) question formats. The results show that the WTP for lower risks is lower than the WTA higher risks, and that the disparity between these measures depends on the market segments, the specific climate change risk and the characteristics of the individuals.
URI: http://hdl.handle.net/10553/51135
ISSN: 1354-8166
DOI: 10.5367/te.2013.0310
Source: Tourism Economics [ISSN 1354-8166], v. 20 (4), p. 849-868
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