Valuing the Recreational Benefits from the Creation of Nature Reserves in Irish Forests

Fondazione Eni Enrico Mattei Working Paper No. 11.99

29 Pages Posted: 6 Apr 1999

See all articles by Riccardo Scarpa

Riccardo Scarpa

University of Waikato - Management School

Susan M. Chilton

University of Newcastle - Economics

W. George Hutchinson

Queen's University Belfast

Joseph Buongiorno

University of Wisconsin - Madison - Department of Forest and Wildlife Ecology

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.

JEL Classification: Q23, Q28

Suggested Citation

Scarpa, Riccardo and Chilton, Susan M. and Hutchinson, W. George and Buongiorno, Joseph, Valuing the Recreational Benefits from the Creation of Nature Reserves in Irish Forests. Fondazione Eni Enrico Mattei Working Paper No. 11.99. Available at SSRN: https://ssrn.com/abstract=158428 or http://dx.doi.org/10.2139/ssrn.158428

Riccardo Scarpa (Contact Author)

University of Waikato - Management School ( email )

Hamilton
New Zealand

Susan M. Chilton

University of Newcastle - Economics ( email )

Newcastle-upon-Tyne NE1 7RU
United Kingdom

W. George Hutchinson

Queen's University Belfast ( email )

David Leir Building
Belfast, BT9 5AG
Ireland

Joseph Buongiorno

University of Wisconsin - Madison - Department of Forest and Wildlife Ecology ( email )

1630 Linden Drive
Madison, WI 53706
United States

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