Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.5/2677
Título: Estimating the recreation value of ecosystems by using a travel cost method approach
Autor: Mendes, Isabel
Proença, Isabel
Palavras-chave: Recreation Use Value
Ecosystem
Estimation
Travel Cost Method
Welfare Measures
Count Data Models
Data: 2005
Editora: ISEG – Departamento de Economia
Citação: Mendes, Isabel e Isabel Proença. 2005. "Estimating the recreation value of ecosystems by using a travel cost method approach". Instituto Superior de Economia e Gestão - DE Working papers nº 8-2005/DE/CIRIUS
Relatório da Série N.º: DE Working papers;nº 8-2005/DE/CIRIUS
Resumo: Recreation is one of the ecosystem's secondary values of a well conserved natural ecosystem, associated with the direct use individuals make of these natural assets. In this paper we define and estimate the total economic recreation value to visitors of a particular natural area, a national park. An on-site individual observation Travel Cost Model, Count Data distributions, and a version of hyperbolic discounting framework distribution were used to estimate a measure for the present recreation use of the site and the total discounted recreation value for a 50 years period. The empirical estimates of the average representative visitor's present equivalent surplus willingness to pay, based on the impact assumption of closure or loss of access to the park were 123 € per day per visit, and 593 € per each average five days length visit, per visitor. These values suggest that recreation use of nature has a higher value than certain economic activities in the area.
URI: http://hdl.handle.net/10400.5/2677
ISSN: 0874-4548
Versão do Editor: https://aquila1.iseg.utl.pt/aquila/getFile.do?method=getFile&fileId=26425
Aparece nas colecções:DE - Documentos de trabalho / Working Papers
CIRIUS - Documentos de Trabalho / CIRIUS - Working Papers

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