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Preferencias inciertas y modelo Spike en la valoración del patrimonio natural

Author

Listed:
  • José María Casado García

    (Agri-food Research & Technology Center)

  • Jesus Barreiro

    (University of Palencia)

  • Luis Perez y Perez

    (Agri-food Research & Technology Center)

Abstract

Under 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.

Suggested Citation

  • José María Casado García & Jesus Barreiro & Luis Perez y Perez, 2004. "Preferencias inciertas y modelo Spike en la valoración del patrimonio natural," Microeconomics 0403002, EconWPA.
  • Handle: RePEc:wpa:wuwpmi:0403002 Note: Type of Document - pdf; pages: 42
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    References listed on IDEAS

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    More about this item

    Keywords

    Natural heritage; contingent valuation; Spike model; uncertainty;

    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; Threshold 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

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