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Oak woodland economics: a contingent valuation of conversion alternativesAuthor(s): Richard P. Thompson; Jay E. Noel; Sarah P. Cross
Source: In: Standiford, Richard B., et al, tech. editor. Proceedings of the Fifth Symposium on Oak Woodlands: Oaks in California's Challenging Landscape. Gen. Tech. Rep. PSW-GTR-184, Albany, CA: Pacific Southwest Research Station, Forest Service, U.S. Department of Agriculture: 501-510
Publication Series: General Technical Report (GTR)
Station: Pacific Southwest Research Station
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DescriptionDecisions on how much land should be devoted to oak woodland preservation is ultimately determined by society's valuation of its benefits and relative scarcity. Scarcity value can be measured by people's willingness-to-pay (WTP) to prevent oak woodland conversion to higher value land uses. In this study, we used the contingent valuation (CV) method to estimate WTP for oak woodland preservation in San Luis Obispo County (over 700,000 acres). Estimates ranged between $75 and $83 per voter, providing only about $12 million for land or easement purchases.
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CitationThompson, Richard P.; Noel, Jay E.; Cross, Sarah P. 2002. Oak woodland economics: a contingent valuation of conversion alternatives. In: Standiford, Richard B., et al, tech. editor. Proceedings of the Fifth Symposium on Oak Woodlands: Oaks in California''s Challenging Landscape. Gen. Tech. Rep. PSW-GTR-184, Albany, CA: Pacific Southwest Research Station, Forest Service, U.S. Department of Agriculture: 501-510
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