Usage and valuation of natural parks in Catalonia, 2001-2002
Michael Creel () and
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Montserrat Farell: Universitat Autònoma de Barcelona
Investigaciones Economicas, 2008, vol. 32, issue 1, 5-25
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.
Keywords: recreation; random utility model; parks. (search for similar items in EconPapers)
JEL-codes: C25 C51 D61 Q26 (search for similar items in EconPapers)
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