Valuing the recreational benefits from the creation of nature reserves in Irish forests

R. Scarpa, S.M. Chilton, George Hutchinson, J. Buongiorno

Research output: Contribution to journalArticlepeer-review

65 Citations (Scopus)

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. (C) 2000 Elsevier Science B.V. All rights reserved.
Original languageEnglish
Pages (from-to)237-250
Number of pages14
JournalEcological Economics
Volume33
Issue number2
Publication statusPublished - May 2000

ASJC Scopus subject areas

  • Ecology, Evolution, Behavior and Systematics
  • Economics and Econometrics
  • Ecology

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