Nature based tourism is the fastest growing tourism in many parts of the world. The attitude towards conservation of nature is measured by individuals¡¯willingness to pay. This study has made an attempt to investigate the determinants of tourists¡¯willingness to pay (WTP) for biodiversity...

If local communities living adjacent to the elephant see it as a burden, then they cannot be trusted to be its stewards. To assess their valuation of it, a CVM study was conducted for one CAMPFIRE district in Zimbabwe. Respondents were classi…ed according to their preferences over the...

The forest is an important element in most countries and its multifunctional character explains its great value. This study aims at giving a monetary value to one of these functions that occupies a special place in our urban societies: the recreative use. We use the individual approach of the...

The paper presents the results of a choice experiment carried out on the visitors of the Galleria Borghese Museum in Rome. The main objective of the work is to study the relevancy of choice experiment techniques as a tool aimed at measuring economic values supplied by cultural institutions. A...

Wedevelop a multinomial logitmodel with missing information that can be used to test for hidden alternatives in random utility models and contingent valuation analysis. To illustrate our latentchoice technique, we focus on the “don’t know” responses in dichotomous choice contingent...

In an effort to improve productivity and profits many farmers have replaced traditional livestock breeds with higher yielding alternatives. While such changes may bring about short-term economic gains, the loss of traditional livestock breeds could result in the loss of an important genetic...

To reduce the potential for response bias on the follow-up bid in multiple-bound discrete choice CVM questions while maintaining much of the efficiency gains of the multiple-bound approach, we introduce the one-and-one-half-bound (OOHB) approach. Despite the fact that the OOHB model uses less...

Con la ayuda del método del coste del viaje el valor de uso recreativo de un determinado espacio se define, simplemente, como el excedente del consumidor medido por debajo de la función de demanda estimada. Esta es una práctica suficientemente satisfactoria cuando se analiza el valor de...

In this paper we investigate consumer preferences for various environmentally-friendly production systems for carrots. We use discrete-choice multi-attribute stated-preference data to explore the effect of the collective reputation of growers from an Alpine valley with an established reputation...

In this paper, we estimate the social net benefits of curbside recycling. Benefits are estimated using survey data on household willingness to pay (WTP) from over 4,000 households across 40 western U.S. cities. We calibrate WTP for hypothetical bias using an experimental design that contrasts...