Including risk in stated-preference economic valuations: Experiments on choices for marine recreation

Including risk in stated-preference economic valuations: Experiments on choices for marine recreation

Primary Country: Mexico
Ecosystem: marine park
Sample Value Estimates:
This study found that visitors to Loreto Bay National Park would be willing to pay higher fees than those currently charged to obtain improvements in the park's recreational attributes.
  1. $259.84 - $515.20: Anglers would pay between $259.84 and $515.20 for unit (1
  2. increases in fish size and numbers during an average fishing vacation (10 da
  3. ,
  4. $5.60 - $11.20: SCUBA divers would pay between $5.60 and $11.20 per day for unit increases in coral-associated fish and large fish.
Methodology: Choice Experiments; Contingent Valuation; Random Utility Model
Region: Americas
Data source: NOEP

Publication information

Wielgus, Jeffrey Gerber, Leah R.Sala, EnricBennett, Jeff “ Including risk in stated-preference economic valuations: Experiments on choices for marine recreation” Journal of Environmental Management, 2009

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