Preferencias inciertas y modelo Spike en la valoración del patrimonio natural
Jose Casado (),
Jesús Barreiro-Hurlé and
Luis Perez y Perez
Additional contact information
Luis Perez y Perez: Agri-food Research & Technology Center
Microeconomics from University Library of Munich, Germany
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.
Keywords: Natural heritage; contingent valuation; Spike model; uncertainty (search for similar items in EconPapers)
JEL-codes: B23 C24 C42 C52 D62 Q26 (search for similar items in EconPapers)
Pages: 42 pages
New Economics Papers: this item is included in nep-cul and nep-mic
Note: Type of Document - pdf; pages: 42
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmi:0403002
Access Statistics for this paper
More papers in Microeconomics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().