Willingness to Pay for Environmental Improvements in a Large City Evidence from The Spike Model and From a Non-Parametric Approach

Salvador Del Saz-Salazar () and Leandro Garcia-Menendez

Environmental & Resource Economics, 2001, vol. 20, issue 2, 103-112

Abstract: In this paper, the Contingent Valuation Method (CVM) is applied in order toestimate the social benefits of a set of environmental and urbanimprovements planned for the waterfront of the City of Valencia (Spain) asa consequence of the expansion and restructuring of its trading port. Asthe data show a high rate of zero responses, we applied the Spike model,one of the most recent models in CVM literature, since traditional models(Logit and Probit) are not suitable, given the characteristics of our data.The non-parametric approach is also applied in order to test the validity ofthe Spike model. The results show certain similarities between the Spikemodel and the non-parametric approach. Copyright Kluwer Academic Publishers 2001

Keywords: Contingent Valuation Method; environmental improvements; non-parametric approach; Spike model (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (11)

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DOI: 10.1023/A:1012624211878

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