A dichotomous-choice contingent valuation of the Parc Zoologique de Hann in Dakar

The challenge of reconciling social, economic and ecological objectives in the pricing of park entry fees in developing countries often translates into the undervaluation of the recreational services and various adverse effects. This paper asks whether a more market-oriented pricing mechanism that reflects visitors’ preferences and willingness to pay would better contribute to a more sustainable provision of park amenities than an administered price in the face of government budget constraints. With information collected from 477 visitors, the results – based on a double-bounded contingent valuation – show a mean willingness to pay of more than three times the actual entry fees. An increase in the latter so as to match visitors’ willingness to pay, as well as various policies that effectively exploit the heterogeneity in individual valuations, could lead to an even greater increase in the generated revenues and definitely help meet the challenge of adequately pricing the park amenities.


Issue Date:
2016
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/245942
Published in:
African Journal of Agricultural and Resource Economics, Volume 11, Number 3
Page range:
226-238




 Record created 2017-04-01, last modified 2017-08-22

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