Oviedo, J.L. & Yoo, H.I. (2017) A Latent Class Nested Logit Model for Rank-Ordered Data with Application to Cork Oak Reforestation. Environmental and Resource Economics 68(4): 1021-1051
Abstract. We analyze stated ranking data collected from recreational visitors to the Alcornocales Natural Park (ANP) in Spain. The ANP is a large protected area which comprises mainly cork oak woodlands. The visitors ranked cork oak reforestation programs delivering different sets of environmental (reforestation technique, biodiversity, forest surface) and social (jobs and recreation sites created) outcomes. We specify a novel latent class nested logit model for rank-ordered data to estimate the distribution of willingness-to-pay for each outcome.