Environmental Economics and Policy Studies

, Volume 17, Issue 4, pp 471–486 | Cite as

Who pays more to preserve a natural reserve, visitors or locals? A confidence analysis of a contingent valuation application

Research Article

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 areas 

JEL Classification

Q57 Q58 

Notes

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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Copyright information

© Society for Environmental Economics and Policy Studies and Springer Japan 2014

Authors and Affiliations

  1. 1.Faculty of Business Studies and EconomicsArab Open UniversityBeirutLebanon

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