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Valuing the recreational benefits from the creation of nature reserves in Irish forests

Lookup NU author(s): Riccardo Scarpa, Professor Susan Chilton

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Abstract

Data from a large-scale contingent valuation study are used to investigate the effects of forest attributes on willingness to pay for forest recreation in Ireland. In particular, the presence of a nature reserve in the forest is found to significantly increase the visitors' willingness to pay. A random utility model is used to estimate the welfare change associated with the creation of nature reserves in all the Irish forests currently without one. The yearly impact on visitors' economic welfare of new nature reserves approaches half a million pounds per annum, exclusive of non-recreational values. (C) 2000 Elsevier Science B.V.

Publication metadata

Author(s): Scarpa R, Chilton SM, Hutchinson WG, Buongiorno J

Publication type: Article

Publication status: Published

Journal: Ecological Economics

Year: 2000

Volume: 33

Issue: 2

Pages: 237-250

Print publication date: 01/05/2000

ISSN (print): 0921-8009

ISSN (electronic): 1873-6106

Publisher: Elsevier

URL: http://dx.doi.org/10.1016/S0921-8009(99)00143-3

DOI: 10.1016/S0921-8009(99)00143-3

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