Economic assessment of the use and conservation of suburban parks. Two cases in Spain
New Medit, vol 13, n.3, (September 2014), pp. 59-69
Jel classification: O13, Q26
The resurgence of the concept of quality of life in urban and suburban areas has highlighted the need for economic valuations of the multiple services that parks provide for the population. The use of the Contingent Valuation Method and the various one-stage and two-stage regression models has a low willingness to pay for the parks analyzed. It also confirmed the importance of the socioeconomic profile, as well as the attitudinal profile in willingness-to-pay decisions. Finally, the use of two-stage model showed that the willingness-to-pay decision (willingness or not to pay and the quantity to pay) is sequential.
Contingent Valuation Method, natural resources, management, regression models, willingness to pay