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Contingent valuation and choice experiments applied to the Sierra Nevada National Park in Venezuela

José Miguel Sánchez U. ()
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José Miguel Sánchez U.: Instituto de Investigaciones Económicas y Sociales, Universidad de los Andes. Avenidas Las Américas, Núcleo Liria, Edificio G. 3er Piso. Mérida, Estado Mérida, Código Postal: 5101.

Economía, 2013, vol. 38, issue 35, 57-100

Abstract: In this work, I applied contingent valuation and choice experiments to verify their consistency for the estimated parameters. To accomplish this goal, the following attributes of the Sierra Nevada National Park were considered: hunting rate of the Andean bear, use of banned pesticides, rate of deforestation of the southern slope and the demand access to the Merida cable car. Gender and age, among others, were used as social and economic variables. The signs of the estimated parameters coincided with the expected results except for the age parameter in the choice experiment sample. The hypothesis of parameter equality under both techniques was rejected implying that the two models are not consistent in terms of the estimated parameters.

Keywords: Contingent valuation; choice experiments; Sierra Nevada Park. (search for similar items in EconPapers)
JEL-codes: Q51 Q58 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ula:econom:v:38:y:2013:i:35:p:57-100

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More articles in Economía from Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela. Contact information at EDIRC.
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