Measuring rural homeowners' willingness to pay for land conservation easements

Cho, Seong‐Hoon; Newman, David H.; Bowker, J.M.

doi:10.1016/j.forpol.2005.03.007

Cited by 77 publications

(44 citation statements)

References 28 publications

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“…The 'zero' WTP was chosen by 33 (11 %) households, denoting that the respondents were unwilling to accept towards the proposed WWTP program. Following standard practice in the CVM analyses, the households were asked to screen the protest zero bidder (Cho et al 2005); this was to make sure that their refusal to value the WTP question was not caused by protest beliefs. We explored the insights of the protestors to enquire about the reasons for the rejection: (i) thirteen of the households stated that the they could not afford to pay more taxes; (ii) nine conceded that the government should pay for the sewage treatment plant; (iii) six needed more information before they decide to pay; and (iv) five were satisfied with the current beach and coastal water condition or opined that the WWTP project will not lead to the outcomes as claimed.…”

Section: Tobit Regression Resultsmentioning

confidence: 99%

“…In this study, a discrete choice followed by open-ended question was used to elicit the declared WTP of respondents including zero. The Tobit command was used to analyze the characteristics of households that state the probability of WTP and the maximum WTP of the respondents for the proposed WWTP (Cho et al 2005). Following Greene (2000) and Wooldridge (2002), the Tobit model can be expressed as:…”

Section: Tobit Modelmentioning

confidence: 99%

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Quantifying the Costs and Benefits of Coastal Water Quality Improvements in the Ko Chang Marine National Park, Thailand

Piriyapada

Wang

2014

Environ. Process.

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The water quality in Ko Chang Marine National Park coast has been problematic for many years. Recently, a conservation plan has been made by the local government for protecting the ocean beaches by constructing a sewage treatment plant in the region. This study uses the contingent valuation method (CVM) to measure the benefits associated with the proposal of the wastewater treatment plant (WWTP), followed by conducting cost-benefit analysis (CBA) in order to justify the feasibility of the public fund appropriation by the government fiscal policy, such as taxes. A completed questionnaire survey of 300 randomly clustered households was analyzed. Household willingness to pay (WTP) was estimated using Tobit models. The results indicate that the mean WTP for the proposed wastewater treatment project is $73.36 per household per year, translating into an aggregate monetary benefit of $298,774 per year for the local community. Additionally, the CBA result shows that the net present value (NPV) of the project attains $465,162.48 per year, internal rate of return (IRR) reaches 9.14 %, and benefit-cost ratio (B/C) ends up with 2.21 with all those intangible benefits excluded from the calculation. Therefore, the proposed wastewater treatment plant project is economically profitable.

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Section: Tobit Regression Resultsmentioning

confidence: 99%

Section: Tobit Modelmentioning

confidence: 99%

Quantifying the Costs and Benefits of Coastal Water Quality Improvements in the Ko Chang Marine National Park, Thailand

Piriyapada

Wang

2014

Environ. Process.

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“…Such studies would be appropriate for assessing afforestation efforts (i.e., WTP to improve water quality through increased forest cover), but they are not compatible for assessing conservation efforts (e.g., WTP to prevent reductions in forest cover). By comparison there are relatively few studies that assess the value of protecting unimpaired waters [25,[35][36][37][38][39][40][41] and even fewer valuation studies that focus on the role of forest conservation in protecting unimpaired waters [36,[39][40][41].…”

Section: Valuing Water Qualitymentioning

confidence: 99%

“…When valuing forest conservation efforts, some economic studies focus exclusively on the water quality protection benefits [27,28,39,41] while other studies present water quality protection as part of a bundle of co-benefits along with conservation of green spaces, recreation opportunities, wildlife habitat preservation, and environmental education [25,37,38,40,42]. Other economic valuation studies that measure WTP to protect water quality propose the use of nonspecific "environmental programs" and do not disclose if the program intends to use specific forest conservation tools [27,32,35,[43][44][45][46][47].…”

Section: Valuing Water Qualitymentioning

confidence: 99%

The Value of Forest Conservation for Water Quality Protection

Kreye

Adams

Escobedo

2014

Forests

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Abstract:Forests protect water quality by reducing soil erosion, sedimentation, and pollution; yet there is little information about the economic value of conserving forests for water quality protection in much of the United States. To assess this value, we conducted a meta-analysis of willingness-to-pay (WTP) for protecting unimpaired waters, and econometrically determined several significant drivers of WTP: type of conservation instrument (tool), aquatic resource type, geographic context, spatial scale, time, and household income. Using a benefit transfer to two highly forested sites, we illustrate the importance of these factors on WTP for water quality protection programs, forest conservation and policy design.

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“…Although monetary valuation can be the only decision-making method, it is often used as an input to other methods (mainly CBA). Monetary valuation has been used, for example, to assess forest certification [65], eco-labeling [66,67], conservation [68][69][70] and recreational use [71][72][73][74][75], to value biodiversity [76,77], assess recreational uses such as hunting and game management [78,79] evaluate scenic beauty [80] and understand land use planning [81].…”

Section: Cost-benefit Analysis (Cba) and Monetary Valuation Methodsmentioning

confidence: 99%

Decision Support in Assessing the Sustainable Use of Forests and Other Natural Resources - A Comparative Review

Myllyviita¹,

Hujala²,

Kangas³

et al. 2011

TOFSCIJ

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Various decision support methods are used to support the sustainable use of natural resources, but there is little evidence about these methods' actual performances. In this study, 35 carefully selected papers assessing the sustainable use of natural resources were evaluated. The evaluated papers utilized one of the following methods: optimization, costbenefit analysis (CBA) and monetary valuation methods, multi-criteria decision analysis (MCDA) or hybrid approaches. Each method supported sustainability in a different manner. Optimization and CBA case studies rarely involved stakeholders and social sustainability was less processed. Monetary valuation case studies showed a regular participation of the general public, but in a passive role. Experts and stakeholders with an active role were typical participants in MCDA and hybrid case studies. Internationally and nationally defined indicators of sustainability were scarcely used because indicators were frequently defined by stakeholders or the authors of the studied papers. It was presumed that international and national indicators were unsuitable for local use. Sustainability indicators typically took both the quantitative and qualitative form, including gaps and uncertainties. MCDA could be a suitable method for assessing sustainability because it has no strict requirements on the form of the data, and the participation of stakeholders is comprehensive. For the problem structuring phase, however, MCDA might not provide efficient tools. The ideal method for assessing the sustainable use of natural resources could be a hybrid of two methods with different approaches: qualitative methods could be used in the problem structuring process, whereas quantitative methods could be used when priorities and thresholds are assessed.

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Measuring rural homeowners' willingness to pay for land conservation easements

Cited by 77 publications

References 28 publications

Quantifying the Costs and Benefits of Coastal Water Quality Improvements in the Ko Chang Marine National Park, Thailand

Quantifying the Costs and Benefits of Coastal Water Quality Improvements in the Ko Chang Marine National Park, Thailand

The Value of Forest Conservation for Water Quality Protection

Decision Support in Assessing the Sustainable Use of Forests and Other Natural Resources - A Comparative Review

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