Economic Valuation of Environmental Damages due to the Prestige Oil Spill in Spain

被引:0
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作者
Maria L. Loureiro
John B. Loomis
Maria Xosé Vázquez
机构
[1] Universidade de Santiago de Compostela,Departamento de Fundamentos da Análise Económica
[2] Colorado State University,Department of Agricultural and Resource Economics
[3] Universidade de Vigo,Departamento de Economía Aplicada
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关键词
Contingent valuation; Wildlife losses; Oil spills; Passive use value; Q51; Q53;
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摘要
This paper presents a parametric and non-parametric analysis of data from a contingent valuation study (CVM) conducted to estimate environmental use and passive use losses due to the Prestige oil spill. This is the first CVM study conducted in Europe after a large oil spill. The CVM survey was implemented using in person interviews. Mean willingness to pay (WTP) values were computed with both, a parametric and non-parametric approach. Parametric WTP estimation indicates that respondents in the sample are willing to pay about 40.51 € per household to avoid a similar future oil spill in Spain. This implies that on average, the Spanish society places a value of the environmental losses caused by the Prestige oil spill around 574 € million. Non-parametric estimates are slightly higher at 58.08 € per household. WTP results are similar to those obtained in the Exxon Valdez study.
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页码:537 / 553
页数:16
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