Port expansion has been seen as the origin of negative externalities, affecting local residents’ well-being and contributing to the poor public image of ports. In this study, the contingent valuation method is used to estimate the costs borne by local residents as a consequence of the negative externalities derived from the growth of the Port of Valencia (Spain) in the last 30 years. As transport project appraisal has become more complex, this technique complements existing methodologies in this field, such as the social cost benefit analysis and the multicriteria analysis. Given the perceived property rights of families that have been living close to the port for a long time, a willingness to accept (WTA) framework was used. The econometric analysis undertaken reveals that among the different externalities derived from this growth, the only concern that truly affects individuals’ WTA is the reclamation of land from the sea during the port’s expansion. Finally, the results obtained show that the present value of the costs potentially borne by local residents ranges from a minimum value of €64.4 million to a maximum value of €107.4 million, depending of the aggregation criterion chosen.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Port expansion and negative externalities: a willingness to accept approach



    Published in:

    Publication date :

    2016-01-02


    Size :

    25 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English





    Willingness to accept commuting time within the household: stated preference evidence

    Swärdh, Jan-Erik / Algers, Staffan | Online Contents | 2014


    Willingness to accept commuting time within the household: stated preference evidence

    Swärdh, Jan-Erik / Algers, Staffan | Online Contents | 2014


    Analyzing Factors Influencing Driver Willingness to Accept Advanced Driver Assistance Systems

    Musau, Hannah / Gyimah, Nana Kankam / Mwakalonge, Judith et al. | ArXiv | 2025

    Free access