The contingent valuation of forest characteristics: two experiments

Hanley, N.D. and Ruffell, R.J. (1993) The contingent valuation of forest characteristics: two experiments. Journal of Agricultural Economics, 44(2), pp. 218-229. (doi:10.1111/j.1477-9552.1993.tb00267.x)

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Abstract

Most work on valuing the recreational benefits of public forests has concentrated on estimating consumers' surplus per visit. We use two contingent valuation approaches to try to place a value on the physical characteristics of British forests, and hence to explain the variation in consumers' surplus across different forest types. Our two approaches are, first, to obtain incremental willingness-to-pay to access forests with different levels of a number of characteristics by showing visitors pairs of photographs; and second, to use characteristic levels as explanatory variables in a bid curve. We find that forest characteristics are in general poor predictors of willingness to pay.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Hanley, Professor Nicholas
Authors: Hanley, N.D., and Ruffell, R.J.
College/School:College of Medical Veterinary and Life Sciences > Institute of Biodiversity Animal Health and Comparative Medicine
Journal Name:Journal of Agricultural Economics
Publisher:Wiley
ISSN:0021-857X
ISSN (Online):1477-9552

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