Payment for Ecosystem Services in the Bolivian Sub-Andean Humid Forest

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The adoption of good practices for the economic valuation of environmental services (ES) has strong implications in the evaluation and design of a Payment for Environmental Services program.

Conservation, Forestry

A Bayesian Quantile Binary Regression Approach to Estimate a Payment for Environmental Services

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Stated preference approaches, such as contingent valuation, focus mainly on the estimation of the mean or median willingness to pay (WTP) for an environmental good. Nevertheless, these two welfare measures may not be appropriate when there are social and political concerns associated with implementing a payment for environmental services (PES) scheme. In this paper the authors used a Bayesian estimation approach to estimate a quantile binary regression and the WTP distribution in the context of a contingent valuation PES application.

Conservation, Forestry