Panel estimators that combine travel cost and contingent behavior data sets for evaluating protected areas

Authors

  • Antonio Kido
  • Andrew Seidl
  • John Loomis

Abstract

Although conservation policies and practices have always been
influenced by political and economic factors, economic analysis
has played a limited role in conservation decision-making until
recent years. Many people are realizing that the fundamental
forces driving the loss of biological diversity (e.g. land conversion
and over-exploitation of natural parks) have economic roots. This
paper extends a fairly conceptual innovation used by Cameron
(1992) for measuring impure public goods. A model was developed
using the information of a travel cost set and a contingent behavior
set by imposing restrictions in the cross-equation parameters
without losing consistency in the utility function specified. The
present value of tourism visits to the monarch butterfly sanctuary
using the probit model was calculated from a range of discount
rate options. This present value ranges from 35 to 80 million
dollars. The own-price elasticity for the model using admission
fees was also estimated for calculating the revenue-maximizing
admission fee. The optimal entrance fee from the landowners’
perspective was calculated at 15 dollars.

Downloads

Published

2005-06-06

How to Cite

Kido, A., Seidl, A., & Loomis, J. (2005). Panel estimators that combine travel cost and contingent behavior data sets for evaluating protected areas. Agricultura, Sociedad Y Desarrollo, 2(2), 75–82. Retrieved from https://www.revista-asyd.org/index.php/asyd/article/view/1043

Issue

Vol. 2 No. 2 (2005): Agricultura Sociedad y Desarrollo

Section

Artículos

License

Authors who publish in this journal accept the following conditions:

 

  1. The authors retain the copyright and transfer to the magazine the right of the first publication, with the work registered with the Creative Commons attribution license, which allows third parties to use what is published as long as they mention the authorship of the work and the first publication in this magazine.
  2. Authors may make other independent and additional contractual arrangements for non-exclusive distribution of the version of the article published in this journal (e.g., including it in an institutional repository or publishing it in a book) as long as they clearly indicate that the work It was first published in this magazine.
  3. Authors are permitted and encouraged to publish their work on the Internet (for example on institutional or personal pages) before and during the review and publication process, as it can lead to productive exchanges and greater and faster dissemination of the work. published (see The Effect of Open Access).