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Environmental cost estimate for the operation of the new Mérida cable car system

Author

Listed:
  • José Miguel Sánchez U.

    (Instituto de Investigaciones Económicas y Sociales. Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Avenida Las Américas. Núcleo Universitario Liria. Edificio G. Piso 3. Mérida, estado Mérida, Venezuela.)

Abstract

The objective of the present work is to estimate the environmental costs of operating the new Merida Cable car system applying the focus of compensation for environmental impacts. For this, the choice experiment in which the demand for acceding to a new Merida Cable car among other attributes of the Sierra Nevada National Park was selected. Equally, some socioeconomic variables such as gender of the interviewed, age, among others were considered. The opportunity cost of visiting the cable car under the traditional premise is 15.43 dollars monthly per family. In the case of the visit under the new use paradigm was 20.77 dollars monthly per family.

Suggested Citation

  • José Miguel Sánchez U., 2014. "Environmental cost estimate for the operation of the new Mérida cable car system," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 39(37), pages 9-33, January-J.
    • Handle: RePEc:ula:econom:v:39:y:2014:i:37:p:9-33
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    References listed on IDEAS

    as
    1. Adamowicz W. & Louviere J. & Williams M., 1994. "Combining Revealed and Stated Preference Methods for Valuing Environmental Amenities," Journal of Environmental Economics and Management, Elsevier, vol. 26(3), pages 271-292, May.
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    More about this item

    Keywords

    Choice experiments; reposition costs; shadow projects; Merida Cable Car System.;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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