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Usage and valuation of natural parks in Catalonia, 2001-2002

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Author Info
Michael Creel (Universitat Autònoma de Barcelona)
Montserrat Farell (Universitat Autònoma de Barcelona)

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Abstract

We present results on the use and valuation of parks and natural areas in Catalonia. A structural random utility model is used to estimate utility per recreational trip, and a reduced form model is used to estimate the number of trips. The two together give an estimate of the overall flow of utility over course of the season. Welfare e ects due to changes in availabilities of sites can be deduced from changes in overall utility. For many of the sites, compensating variation for loss of access is estimated to be of the magnitude of dozens of millions of euros, annually.

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File URL: ftp://ftp.funep.es/InvEcon/paperArchive/ene2008/v32i1a1.pdf
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Publisher Info
Article provided by Fundación SEPI in its journal Investigaciones Económicas.

Volume (Year): 32 (2008)
Issue (Month): 1 (January)
Pages: 5-25
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Handle: RePEc:iec:inveco:v:32:y:2008:i:1:p:5-25

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Postal: Investigaciones Economicas Fundación SEPI Quintana, 2 (planta 3) 28008 Madrid Spain
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Related research
Keywords: recreation; random utility model; parks.;

Find related papers by JEL classification:
Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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