Valoracion contingente de un bosque urbano en un segmento de la carretera PR-3108 en Mayaguez Puerto Rico

his article attempts to calculate the economic value for an urban forest in a segment of a location on a main road in PR-3108 in the municipality of Mayaguez, Puerto Rico. To achieve this objective, a double bound contingent valuation was applied. Probit and bivariate probit models were applied to calculate the mean willingness to pay and to identify factors affecting willingness to pay.;The sample consisted of 201 households from Miradero, Algarrobo y Mayaguez Terrace localities.;Using the mean from the dichotomous choice question format, the aggregate benefit for the society for an urban forest is...