Who pays more to preserve a natural reserve, visitors or locals? A confidence analysis of a contingent valuation application
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Abstract
Because of the current trend in nature degradation, protected areas are gaining importance. Ehden reserve in Lebanon is one such example, a reserve providing shelter to a substantial number of endangered species. This paper was designed to have three main objectives which are firstly to measure respondents’ willingness to pay (WTP) to preserve the protected area, drawing a distinction between visitors and residents to ascertain whether there are any appreciable differences and why these might arise; Secondly, to identify the best ways to collect local funds; Thirdly, to investigate further studies and to inform decision makers about the importance of a long-term conservation and sustainable program. Using an open ended questionnaire, contingent valuation method is applied to obtain the WTP. The WTP is then tested by using a stepwise multiple regression model relating WTP to all socio demographic variables. Finally the problems of hypothetical bias are explored.
Keywords
Contingent valuation method Environmental economics Natural reserves Protected areasJEL Classification
Q57 Q58Notes
Acknowledgments
We are very grateful to the valuable comments of two blind referees and the handling editor of the journal Dr. Yoshiaki Kaoru.
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