Abstract
ABSTRACTIn this paper, an estimate of recreational value of El Valle and Carrascoy Natural Park is obtained by applying individual travel cost method. A consumer surplus or benefit of one visit (of one person) to this natural park has been estimated in 5.09 euros. This figure can provide information to stakeholders in order to determine recreational investments and to get a proper environment management and sustainable use of this place. As the model shows, people react to travel cost, and so, an entrance fee would reduce the number of visits in case of overcrowding. Nonetheless, given the profile of visitor, signalling and information about a proper use from an environmental point of view would be a socially preferable policy.
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