Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154965
Authors: 
Scarpa, Riccardo
Chilton, Susan M.
Hutchinson, W. George
Buongiorno, Joseph
Year of Publication: 
1999
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 11.1999
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.
Subjects: 
Non-market valuation
Contingent valuation
Forest attributes analysis
Nature reserves.
JEL: 
Q23
Q26
Document Type: 
Working Paper

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