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Valuing the Recreational Benefits from the Creation of Nature Reserves in Irish ForestsAuthor(s): Riccardo Scarpa; Susan M. Chilton; W. George Hutchinson; Joseph Buongiorno
Source: Eoological Economies 33 (2000) 237-250
Publication Series: Miscellaneous Publication
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DescriptionData from a large-scale contingent valuation study are used to investigate the effects of forest attribum 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 af 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.
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CitationScarpa, Riccardo; Chilton, Susan M.; Hutchinson, W. George; Buongiorno, Joseph. 2000. Valuing the Recreational Benefits from the Creation of Nature Reserves in Irish Forests. Eoological Economies 33 (2000) 237-250
KeywordsNon-market valuation, Contingent valuation, Forest attributes analysis, Nature reserves
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