IDEAS home Printed from
   My bibliography  Save this article

Assessment Of Social Preferences For An Alternative Regeneration Coastlines Against A Marina In Teis (Vigo)


  • Durán Medraño, Roi
  • Vázquez Rodríguez, María Xosé


The important presence of marinas in the Galician coast and the likely increase in docking spaces in the near future make it necessary to analyze their effects on social welfare. Consequently, the adding of social costs in Cost-Benefit Analysis is useful and necessary to achieve an efficient allocation of available resources. In this article, the contingent valuation method was applied to estimate willingness to pay (WTP) of residents for a coastal regeneration plan, confronted to a project of marina extension in Punta Lagoa (Teis, Vigo). To analyze the answers a parametric estimation was carried out, and also a non parametric estimation to avoid assumptions about the functional form of the willingness to pay function. The estimations obtained show a WTP of 48 €/household, and 34 €/household, respectively. These results allow us to conclude that the regeneration plan provides a social welfare gain compared to the marina extension project, that is, there is a social cost associated to this last project. Moreover, from the results and from the advantages of Turnbull estimator, the use of non parametric estimation methodologies, to obtain estimators based on contingent valuation data, should increase.

Suggested Citation

  • Durán Medraño, Roi & Vázquez Rodríguez, María Xosé, 2009. "Assessment Of Social Preferences For An Alternative Regeneration Coastlines Against A Marina In Teis (Vigo)," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 18(2).
  • Handle: RePEc:sdo:regaec:v:18:y:2009:i:2_9

    Download full text from publisher

    File URL:
    Download Restriction: no


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sdo:regaec:v:18:y:2009:i:2_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marisa Chas-Amil (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.