Preferencias inciertas y modelo Spike en la valoración del patrimonio natural
AbstractUnder the Spanish conservation law, compensation is envisaged for the damage associated with all actions that reduce the quantity or quality of protected areas and species. This paper provides a tool to evaluate the monetary equivalent of this damage. First, we conduct a contingent valuation exercise to estimate the existence value related to protected areas and species in Aragon. This first estimate is then reconsidered including in first place the possibility of zero bids and also the possibility of uncertain preferences for non familiar goods. Considering these two effects, mean values are reduced dramatically (more than halved) giving support to previous recommendations of dividing by two contingent valuation estimates from dichotomous choice question formats.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0403002.
Length: 42 pages
Date of creation: 23 Mar 2004
Date of revision:
Note: Type of Document - pdf; pages: 42
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Natural heritage; contingent valuation; Spike model; uncertainty;
Find related papers by JEL classification:
- B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models
- C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
- C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-03-28 (All new papers)
- NEP-CUL-2004-03-28 (Cultural Economics)
- NEP-MIC-2004-03-28 (Microeconomics)
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