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

Author

Listed:
  • Michael Creel

    (Universitat Autònoma de Barcelona)

  • Montserrat Farell

    (Universitat Autònoma de Barcelona)

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.

Suggested Citation

  • Michael Creel & Montserrat Farell, 2008. "Usage and valuation of natural parks in Catalonia, 2001-2002," Investigaciones Economicas, Fundación SEPI, vol. 32(1), pages 5-25, January.
    • Handle: RePEc:iec:inveco:v:32:y:2008:i:1:p:5-25
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    Citations

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    Cited by:

    1. López-Mosquera, Natalia & Sánchez, Mercedes, 2013. "Income effects on visitors' decision structure in a suburban natural area," Forest Policy and Economics, Elsevier, vol. 26(C), pages 102-110.
    2. Depietri, Yaella & Kallis, Giorgos & Baró, Francesc & Cattaneo, Claudio, 2016. "The urban political ecology of ecosystem services: The case of Barcelona," Ecological Economics, Elsevier, vol. 125(C), pages 83-100.
    3. López-Mosquera, Natalia & Sánchez, Mercedes, 2011. "The influence of personal values in the economic-use valuation of peri-urban green spaces: An application of the means-end chain theory," Tourism Management, Elsevier, vol. 32(4), pages 875-889.

    More about this item

    Keywords

    recreation; random utility model; parks.;
    All these keywords.

    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; Discrete Regressors; Proportions; Probabilities
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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