scholarly journals Estimating the Outdoor Recreational Value of Chitgar Forestial Park of Tehran with the Use of Contingent Valuation Method (CV)

2015 ◽  
Vol 4 (4) ◽  
pp. 64 ◽  
Author(s):  
Majid Kholuzini Sharahi ◽  
Mohamad Hosein Mohamadi ◽  
Azam Abedini
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Family Size ◽  
Contingent Valuation Method ◽  
Dichotomous Choice ◽  
Recreational Value ◽  
Valuation Method ◽  
The Mean

   Among issues related to the environment, one of the most important issues is pricing the environment. In the present study, the outdoor recreational value of Chitgar Jungle Park of Tehran and its visitors' willingness to pay per visit (WTP) were estimated by using Contingent Valuation method (CV) and 140 questionnaires based on dichotomous choice. The results revealed that 30 percent of the surveyed people were willing to pay an entrance fee and the mean willingness to pay for each visitor was estimated at 3076 Rials and its total annual recreational value was estimated at 5 billion Rials. Among the effective variables on individuals' visit of this park, recommendation, income, per-visit cost, family size, and visits during a year were 1% significant; park facilities and quality were 5% significant; and the visitors' use of personal vehicles, education, type of house, as well as job were 10% significant.

scholarly journals A Study on the Value of Preserving a Parasitic Volcanic Sieve as a Tourism Good for Sustainable Management: Using the Contingent Valuation Method

2020 ◽  
Vol 12 (7) ◽  
pp. 2825
Author(s):  
Won Seok Lee
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Causal Relationship ◽  
Sustainable Management ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Dichotomous Choice ◽  
Valuation Method ◽  
Good For

The purpose of this study is to estimate the economic value of Geomun Oreum (GO), a parasitic volcanic sieve, for sustainable management by using the dichotomous choice contingent valuation method. To address the exaggeration tendency of willingness to pay (WTP), the contingent valuation method’s (CVM’s) traditional threshold, respondents’ WTP answers were reconfirmed to screen only true responses for our analysis. In addition to estimating the economic value, the causal relationship between the tour guide’s quality of explanation and the respondents’ payment intention is examined in the study. The results reveal that the estimated preservation value of GO is 35,881 KRW (33.28 USD), and the quality of the tour guide’s narrative is statistically related to the respondents’ payment intention.

scholarly journals The Provision Point Mechanism and Scenario Rejection in Contingent Valuation

2009 ◽  
Vol 38 (2) ◽  
pp. 271-280 ◽  
Author(s):  
Peter A. Groothuis ◽  
John C. Whitehead
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Free Riding ◽  
Dichotomous Choice ◽  
Economic Experiments ◽  
Valuation Method ◽  
Provision Point

The provision point mechanism mitigates free-riding behavior in economic experiments. In two contingent valuation method surveys, we implement the provision point design. We ask respondents for their perceptions about the success of the provision point mechanism. We find that respondents who believe that the provision point would not be met are more likely to saynoto a contingent valuation dichotomous choice question. The scenario rejection that arises may result in biased willingness-to-pay estimates.

scholarly journals Estimating the Recreational Value of the Abdanan Black Twin Lake: A Contingent Valuation Approach

2021 ◽  
Author(s):  
Ali Sayehmiri ◽  
Atefeh heidarvand
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Household Income ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Environmental Policies ◽  
Human Beings ◽  
Recreational Value ◽  
Valuation Method ◽  
Recreational Use

As one of the unique destinations in Iran, Abdanan Black Twin Lake attracts many tourists yearly. Among striking features is the presence of minerals, boiling springs, and its beautiful landscape. Human beings are willing to spend money on such natural resources. An economic valuation can be interfered constructively and positively in improving environmental policies. So, quantifying these benefits is of the utmost importance. The paper mainly estimated the tourists' willingness to pay and their recreational value using the contingent valuation method. Random sampling was conducted on 384 people using the two-dimensional double-choice questionnaire in spring 2019. In the Twin Lake Recreational Value Questionnaire, the main questions were devoted to the visitors' willingness to pay, with three bids of 0.07 $, 0.14 $, and 0.22$. Among 384 respondents, 304 (79%) were willing to pay for recreational use of the lake, and 80 respondents (21%) were not. The likelihood, the model's parameters were estimated. The findings indicated the average tourists' willingness to pay for recreational value was estimated at 0.09$ per visit and the recreational value of this lake for each household was estimated at 0.40$. The findings revealed the effect of education, household income, household size and tourists' willingness to pay was significant.

scholarly journals Visitor’s Willingness to Pay for National Park Entrance Fees in China: Evidence from a Contingent Valuation Method

2021 ◽  
Vol 18 (24) ◽  
pp. 13410
Author(s):  
Lin Song ◽  
Yi Xue ◽  
Yaqiong Jing ◽  
Jincan Zhang
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
National Parks ◽  
National Park ◽  
Contingent Valuation Method ◽  
Marketing Strategies ◽  
Commercial Exploitation ◽  
Valuation Method ◽  
The Mean ◽  
National Park System

China has been making efforts in nature conservation by developing a new national park system. Setting a fee-based entrance policy for the newly established national parks can be challenging without information on visitors’ willingness to pay (WTP). Thus, this study aims to evaluate visitors’ WTP entrance fees with a dataset of 1215 visitors collected in China’s planned Qinling National Park (QNP). Using the double bounded dichotomous choice format of the contingent valuation method, we obtained the mean WTP for the entrance fee of QNP of 200 yuan. Visitors’ demand becomes relatively inelastic at the recommended entrance fee of 160 yuan when the expected ticket revenue will reach its maximum of 13.8 billion yuan. Our study also indicates that visitors’ WTP is significantly influenced by their gender difference, education level, income, number of trips to natural attractions, duration of stay, the intention of a future visit, and concern about commercial exploitation. Our empirical study provides insights into developing effective pricing policies and appropriate marketing strategies for China’s new national park system.

scholarly journals Application of the contingent valuation method to estimate the willingness-to-pay for restoring indigenous vegetation in Underberg, Kwazulu-Natal, South Africa

2010 ◽  
Vol 13 (2) ◽  
pp. 135-157 ◽  
Author(s):  
Mario Du Preez ◽  
S Tessendorf ◽  
Stephen Hosking
Keyword(s):  
South Africa ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Valuation Function ◽  
Valuation Method ◽  
Kwazulu Natal ◽  
The Mean ◽  
Alien Vegetation

This study estimates the willingness-to-pay (WTP) for a project (i.e. the Working for Water Programme) aimed at removing alien vegetation and restoring indigenous vegetation in Underberg, KwaZulu-Natal, South Africa. The WTP estimate reflects the benefit of preference for indigenous vegetation over alien vegetation. In a survey, a questionnaire was administered to 260 households in the Underberg region during September 2005. It was deduced that the mean WTP for the project was R21.12 in 2005 (R26.40 in 2008), the total WTP was R25 344.00 (R31 680.00 in 2008) and the WTP per hectare was R21.87 (R27.34 in 2008).  A valuation function to predict WTP responses was also estimated. The function showed that knowledge of the local Working for Water Programme and income were important determinants of WTP. 

Estimating the value of the reduction in air pollution during the Beijing Olympics

2011 ◽  
Vol 16 (6) ◽  
pp. 735-749 ◽  
Author(s):  
Xiaoyan Du ◽  
Robert O. Mendelsohn
Keyword(s):  
Air Pollution ◽  
Air Quality ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Olympic Games ◽  
Contingent Valuation Method ◽  
Beijing Olympics ◽  
Valuation Method ◽  
The Mean ◽  
The Olympic Games

AbstractThis study estimates the willingness-to-pay (WTP) of Beijing residents in order to maintain the improved air quality experienced during the Olympic Games. A double-bounded contingent valuation method is applied to a survey of 566 Beijing residents. The results indicate that the mean annual WTP per household is between CNY 22,000 and 24,000, and the median WTP is around CNY 1,700. The WTP for this actually experienced improvement is significantly higher than the results from previous hypothetical WTP surveys in China.

scholarly journals The Impact of the COVID-19 Pandemic on Tourists’ WTP: Using the Contingent Valuation Method

2021 ◽  
Vol 18 (16) ◽  
pp. 8605
Author(s):  
Chang-Young Jeon ◽  
Hee-Won Yang
Keyword(s):  
Infectious Disease ◽  
Logistic Regression ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Perceived Risk ◽  
Contingent Valuation Method ◽  
Dichotomous Choice ◽  
Factors Affecting ◽  
Valuation Method ◽  
The Impact

This study estimated tourists’ willingness to pay (WTP) for tourist sites or facilities in the prolonged COVID-19 pandemic by applying the dichotomous choice-contingent valuation method to two different tourism destination types. A survey was conducted among domestic tourists in South Korea who had visited destinations within the last six months. We conducted a logistic regression with 1283 effective samples. The results showed differences in tourists’ WTP, depending on type, and the factors affecting WTP differed. Tourists with higher tourism attitude and knowledge of tourism risk exhibited a higher WTP. Tourists with higher perceived risk of infectious disease exhibited less WTP.

scholarly journals Consumption Behavior and Willingness to Pay for Fruit Drinks in Bangkok Metropolitan Area

2018 ◽  
Vol 4 (2) ◽  
pp. 212
Author(s):  
Jumpol Vorasayan ◽  
Ruttika Sriwachiratorn ◽  
Ajchara Kessuvan
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Fruit Juice ◽  
Contingent Valuation Method ◽  
Quality Assurance System ◽  
Dichotomous Choice ◽  
Factors Affecting ◽  
Consumption Behavior ◽  
Valuation Method ◽  
Assurance System

The purpose of this research was to study consumer behaviors, willingness to pay and the factors affecting willingness to pay for ready-to-drink fruit drinks less than 25% with the certified quality assurance system by using contingent valuation method (CVM) for consumers in Bangkok. The results from double-bounded dichotomous choice found that the consumers were willing to pay for fruit drinks less than 25% with GMP certification at 15.22 baht/bottle and 15.58 baht/bottle for fruit drinks less than 25% with HACCP certification. Factors that affected the consumer’s willingness to pay were education, income and attitudes about product that have been certified. Keywords: Contingent Valuation Method; Double-Bounded Dichotomous Choice; Fruit Juice; Willingness to Pay; Quality Control

scholarly journals Estimation of Willingness to Pay for Development and Preservation of Liwa Botanical Garden Indonesia

2020 ◽  
Vol 4 (2) ◽  
pp. 118-128
Author(s):  
Sundari Anda Arista ◽  
Endah Saptutyningsih
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Sampling Method ◽  
Contingent Valuation Method ◽  
Botanical Garden ◽  
Primary Data ◽  
Dichotomous Choice ◽  
Valuation Method ◽  
Factors Influencing ◽  
The Subject

This research aims to find out how big the willingness of Kebun Raya Liwa visitors to pay for the ticket and to find the factors influencing that willingness. Visitors of Kebun Raya Liwa who are 20 years old or above are the subject of this report. This study uses primary data and uses a purposive sampling method to interview the subject with 304 people. The instrument used for the analysis is the Contingent Valuation Method (CVM). Each person is Rp 6.500 according to the average results of willingness to pay using Dichotomous Choice. Results of the analysis show that variables in age, education and income positively affect the willingness to pay. The perception of the visitors negatively affects the willingness to pay. While distance and frequency of visits do not affect the payment will.

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