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  • International Journal of Agriculture and Natural Resources
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  • Pontificia Universidad Católica de Chile
  • International Journal of Agriculture and Natural Resources
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Testing the embedding effect in the valuation of lagoon recovery

Author
Donoso,Guillermo

Cancino,José

Villar,Susana

Full text
https://scielo.conicyt.cl/scielo.php?script=sci_arttext&pid=S0718-16202010000100010
Abstract
The contingent valuation method was employed to assess the benefts of recovering the Laguna Grande de San Pedro de La Paz in Chile s Bío-Bío region and to analyze the possible existence of an embedding effect. Our results indicate that there is not a perfect part-whole valuation effect and that there is an imperfect substitution relationship between the two analyzed projects. In addition, when assessing the joint construction project of a main sewer and a recreation park on the north hillside of the lagoon, we determined that households were willing to pay an average monthly amount of $6,114 for the associated beneft of the environmental improvement. This amount would contribute $ 358,977,396 per month to the project and a total value of $4,307,728,752. Additionally, the separate valuation of the two projects resulted in an amount of $ 3,290,635,524 for the main sewer and $ 2,484,518,138 for the recreation park. The absence of part-whole valuation effect may be explained by the precautions adopted in the survey s design and application, based on the review and analysis of prior studies.
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Discipline
Artes, Arquitectura y UrbanismoCiencias Agrarias, Forestales y VeterinariasCiencias Exactas y NaturalesCiencias SocialesDerechoEconomía y AdministraciónFilosofía y HumanidadesIngenieríaMedicinaMultidisciplinarias
Institutions
Universidad de ChileUniversidad Católica de ChileUniversidad de Santiago de ChileUniversidad de ConcepciónUniversidad Austral de ChileUniversidad Católica de ValparaísoUniversidad del Bio BioUniversidad de ValparaísoUniversidad Católica del Nortemore

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