Measuring Passive Use Value: Pledges, Donations and CV Responses in Connection with an Important Natural Resource |
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Authors: | M Shechter B Reiser N Zaitsev |
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Institution: | (1) Natural Resource and Environmental Research Center, University of Haifa, Haifa, 31905, Israel |
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Abstract: | This paper examines monetary valuations of lost passive-use benefits associated with damage to a unique environmental resource – a national park, elicited through contingent valuation, and compares them with actual donations to the same end, where the latter are interpreted as a quasi-market expression of willingness to pay for non-market resource services. The relationships between the two valuation approaches were investigated in the specific context of an environmental episode which damaged a unique natural endowment, Israel's Carmel National Park. The empirical analysis is based on data from two sample surveys; one sample was drawn from the population of people who either pledged or pledged and donated during a fund-raising campaign following the episode, with the proceeds dedicated to rehabilitation or prevention of future episodes; the second sample was drawn from the general population of the country. The results cannot be interpreted as providing unqualified support for the reliability of contingent valuation as a means for obtaining passive use values. |
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Keywords: | passive-use benefits existence value CVM donations quasi-market valuations JEL Classification: Q20 Q24 Q26 |
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