Valuing recreational enhancements in the San Patricio Urban Forest of Puerto Rico: A choice experiment approach

Héctor Tavárez and Levan Elbakidze

Forest Policy and Economics, 2019, vol. 109, issue C

Abstract: Urban forests provide a bundle of benefits, including recreation opportunities. However, the literature on valuation of recreation benefits from urban forests is limited. We use a choice experiment to examine residents' preferences and willingness to pay for different recreation enhancement projects in an urban forest in Puerto Rico. Results from the random parameter logit model show that residents are willing to pay $29, $15, $26 and $39 for improved trails, an event stage, stands with binoculars and a community garden, respectively. The results suggest that projects aimed at increasing urban forest-based recreation opportunities maybe justified conditional on respective project costs.

Keywords: Choice experiment; Willingness to pay; Urban forest; Recreational enhancements; Puerto Rico (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:109:y:2019:i:c:s1389934119300930

DOI: 10.1016/j.forpol.2019.102004

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