Econometric estimation of the surplus of the consumer of recreational environmental services
DOI:
https://doi.org/10.29312/remexca.v16i5.3706Keywords:
public goods, Poisson regression, truncated dependent variableAbstract
Public goods, such as forests, rivers, lakes, or dams, provide recreational services that lack market prices. This research aimed to estimate the consumer surplus proposed by the microeconomic theory to make a valuation of recreational environmental services using the individual travel cost methodology. The sample used consisted of 213 observations and was collected in four recreational sites located in the area of the La Boquilla Dam, municipality of Camargo, Chihuahua within the Conchos River basin in 2019. The method used for econometric estimation was the Poisson regression model since the number of visits to the site is a count variable. The average surplus benefit per visitor was MX$33.12 (US$1.72). The research assumed an influx of 300 000 visitors, so the value of the recreational environmental service generated by the La Boquilla Dam in the year the research was carried out (2019) would have been MX$9 936 000 (US$515 888). It is concluded that the Poisson model is the one that best fits the count data obtained through the travel cost method and that the results could be useful to guide the design of environmental policies.
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