Proceedings chapter
English

Contingent Valuation Method (cvm) for the preservation/restoration of three lakes in northern Greece

Presented atAthens, Greece, March 7-9, 2012
PublisherAthens : WSEAS Press
Publication date2012
Abstract

The preservation/restoration of natural environment is frequently entailing excessive cost (paid by people through taxation) while it is a source of additional income for both, the State and the people, due to tourism. Since the evaluation of this good cannot be in market terms, we apply herein a modified version of the Contingent Valuation Method (CVM), used in Experimental Economics to investigate the significance that people put on this good and how much they might be willing to pay (WTP) for supporting activities concerning the preservation/restoration of three lakes in northern Greece. The WTP dependence on (i) external diseconomies, (ii) the expectations for property values' rise as a result of the restoration, (iii) the proximity of interviewees' residence to the lakes, and (iv) the time and money that the interviewees spent to visit the lakes, are estimated by means of Logit, Probit, Logistic and Linear Regression Models.

Keywords
  • Contingent Valuation Method(CVM)
  • Environmental Impact
  • Willingness To Pay (WTP)
  • Logit Model
  • Parametric Approach
  • Non-Parametric Approach
  • Probit Model
Citation (ISO format)
BATZIAS, Fragiskos et al. Contingent Valuation Method (cvm) for the preservation/restoration of three lakes in northern Greece. In: Recent researches in environment and biomedicine : Proceedings of the 6th International Conference on Energy and Development - Environment - Biomedicine (EDEB ’12) - Proceedings of the 3rd International Conference on Geography and Geology (GEO ”12). Tsutomu Kambe, Cornelia Aida Bulucea and Charalampos Arapatsakos (Ed.). Athens, Greece. Athens : WSEAS Press, 2012. p. 114–119.
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Proceedings chapter (Published version)
accessLevelRestricted
Identifiers
  • PID : unige:99408
ISBN978-1-61804-075-6
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