IDEAS home Printed from https://ideas.repec.org/a/eee/ecanpo/v74y2022icp421-431.html
   My bibliography  Save this article

Determinants of willingness to pay for entrance to urban parks: A quantile regression analysis

Author

Listed:
  • Halkos, George
  • Leonti, Aikaterini
  • Sardianou, Eleni

Abstract

Although the willingness to pay for parks and protected areas has been widely researched, the differentiation of determinants within different levels of payment presents significant limitations. Quantile regression, through which this differentiation is detected, has been applied mainly to specific methods of economic valuation (e.g. hedonic), while the contingent valuation method is the most common method of valuing parks. Given this research gap, the present paper applies quantile and multiple regressions to identify the determinants of the “willingness to pay” for entry into urban parks. The contingent valuation method was used for the case studies of two urban parks in Greece. The survey was conducted between July 2018 and March 2019 and the final sample consisted of 761 visitors. The results showed that the cost of the entrance ticket varies according to the park’s attributes. Demographic factors, such as gender, age and income affect willingness to pay. Those who have previously paid for entrance to parks and green spaces are willing to pay more money for their entry. Other factors (e.g. motivation to visit, distance and length of stay in the parks) were also found to have a statistically significant effect on individuals’ decisions.

Suggested Citation

  • Halkos, George & Leonti, Aikaterini & Sardianou, Eleni, 2022. "Determinants of willingness to pay for entrance to urban parks: A quantile regression analysis," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 421-431.
    • Handle: RePEc:eee:ecanpo:v:74:y:2022:i:c:p:421-431
    DOI: 10.1016/j.eap.2022.03.013
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S031359262200042X
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.eap.2022.03.013?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Idris Idris & Mohammad Enamul Hoque & Perengki Susanto, 2022. "Willingness to pay for the preservation of urban green space in Indonesia," Cogent Economics & Finance, Taylor & Francis Journals, vol. 10(1), pages 2008588-200, December.
    2. Gordillo, Fernando & Elsasser, Peter & Günter, Sven, 2019. "Willingness to pay for forest conservation in Ecuador: Results from a nationwide contingent valuation survey in a combined “referendum” – “Consequential open-ended” design," Forest Policy and Economics, Elsevier, vol. 105(C), pages 28-39.
    3. Halkos, George E. & Jones, Nikoleta, 2012. "Modeling the effect of social factors on improving biodiversity protection," Ecological Economics, Elsevier, vol. 78(C), pages 90-99.
    4. Halkos, George & Leonti, Aikaterini & Sardianou, Eleni, 2021. "Activities, motivations and satisfaction of urban parks visitors: A structural equation modeling analysis," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 502-513.
    5. Boyd D. Blackwell & John Asafu-Adjaye, 2020. "Adding Jewels To The Crown: The Marginal Recreational Value Of Noosa National Park And Implications For User Fees," Discussion Papers Series 622, School of Economics, University of Queensland, Australia.
    6. Prosun Kumar Ghosh & M. Shahjahan Mondal, 2013. "Economic valuation of the non-use attributes of a south-western coastal wetland in Bangladesh," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 56(9), pages 1403-1418, November.
    7. Halkos, George E., 2011. "Nonparametric modelling of biodiversity: Determinants of threatened species," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 618-635, July.
    8. Togridou, Anatoli & Hovardas, Tasos & Pantis, John D., 2006. "Determinants of visitors' willingness to pay for the National Marine Park of Zakynthos, Greece," Ecological Economics, Elsevier, vol. 60(1), pages 308-319, November.
    9. Liao, Wen-Chi & Wang, Xizhu, 2012. "Hedonic house prices and spatial quantile regression," Journal of Housing Economics, Elsevier, vol. 21(1), pages 16-27.
    10. George Halkos & Aikaterini Leonti & Eleni Sardianou, 2020. "Assessing the Preservation of Parks and Natural Protected Areas: A Review of Contingent Valuation Studies," Sustainability, MDPI, vol. 12(11), pages 1-24, June.
    11. Lavín, Felipe Vásquez & Flores, Ricardo & Ibarnegaray, Verónica, 2017. "A Bayesian quantile binary regression approach to estimate payments for environmental services," Environment and Development Economics, Cambridge University Press, vol. 22(2), pages 156-176, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Casola, William R. & Peterson, M. Nils & Pacifici, Krishna & Sills, Erin O. & Moorman, Christopher E., 2023. "Conservation motivations and willingness to pay for wildlife management areas among recreational user groups," Land Use Policy, Elsevier, vol. 132(C).
    2. Elli Papastergiou & Dionysis Latinopoulos & Myrto Evdou & Athanasios Kalogeresis, 2023. "Exploring Associations between Subjective Well-Being and Non-Market Values When Used in the Evaluation of Urban Green Spaces: A Scoping Review," Land, MDPI, vol. 12(3), pages 1-31, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Halkos, George & Gkargkavouzi, Anastasia & Matsiori, Steriani, 2018. "Teachers’ environmental knowledge and pro-environmental behavior: An application of CNS and EID scales," MPRA Paper 84505, University Library of Munich, Germany.
    2. Halkos, George & Matsiori, Steriani & Dritsas, Sophoclis, 2017. "Exploring social values for marine protected areas: The case of Mediterranean monk seal," MPRA Paper 82490, University Library of Munich, Germany.
    3. Lin Song & Yi Xue & Yaqiong Jing & Jincan Zhang, 2021. "Visitor’s Willingness to Pay for National Park Entrance Fees in China: Evidence from a Contingent Valuation Method," IJERPH, MDPI, vol. 18(24), pages 1-14, December.
    4. Anastasia Gkargkavouzi & George Halkos & Steriani Matsiori, 2019. "A Multi-dimensional Measure of Environmental Behavior: Exploring the Predictive Power of Connectedness to Nature, Ecological Worldview and Environmental Concern," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(2), pages 859-879, June.
    5. Halkos, George & Leonti, Aikaterini & Petropoulos, Constantinos & Sardianou, Eleni, 2022. "Determinants of willingness to pay for urban parks: An empirical analysis in Greece," Land Use Policy, Elsevier, vol. 119(C).
    6. Halkos, George & Matsiori, Steriani, 2017. "Estimating recreational values of coastal zones," MPRA Paper 80911, University Library of Munich, Germany.
    7. Halkos, George & Managi, Shunsuke, 2017. "Land use, forest preservation and biodiversity in Asia," MPRA Paper 82883, University Library of Munich, Germany.
    8. Halkos, George & Matsiori, Steriani, 2018. "Environmental attitudes and preferences for coastal zone improvements," Economic Analysis and Policy, Elsevier, vol. 58(C), pages 153-166.
    9. Bello Musa Zango & Sanni Mohammed Lekan & Mohammed Jibrin Katun, 2020. "Conventional Methods in Housing Market Analysis: A Review of Literature," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 8(1), pages 227-241, January.
    10. Yanju Luo & Jinyang Deng & Chad Pierskalla & Ju-hyoung Lee & Jiayao Tang, 2022. "New Ecological Paradigm, Leisure Motivation, and Wellbeing Satisfaction: A Comparative Analysis of Recreational Use of Urban Parks before and after the COVID-19 Outbreak," Land, MDPI, vol. 11(8), pages 1-28, August.
    11. Trojanek, Radoslaw & Huderek-Glapska, Sonia, 2018. "Measuring the noise cost of aviation – The association between the Limited Use Area around Warsaw Chopin Airport and property values," Journal of Air Transport Management, Elsevier, vol. 67(C), pages 103-114.
    12. Birdir, Sevda & Ünal, Özlem & Birdir, Kemal & Williams, Allan T., 2013. "Willingness to pay as an economic instrument for coastal tourism management: Cases from Mersin, Turkey," Tourism Management, Elsevier, vol. 36(C), pages 279-283.
    13. Zahirovich-Herbert, Velma & Gibler, Karen M., 2014. "The effect of new residential construction on housing prices," Journal of Housing Economics, Elsevier, vol. 26(C), pages 1-18.
    14. Stephanie F. Stefanski & Jay P. Shimshack, 2016. "Valuing Marine Biodiversity in the Gulf of Mexico: Evidence from the Proposed Boundary Expansion of the Flower Garden Banks National Marine Sanctuary," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 211-232.
    15. Xiaohuan Xie & Yinrong Li & Ruobing Wang & Zhonghua Gou, 2023. "Park Recreation Intention and Satisfaction of Blue-Collar Workers Based on the ACSI Model: A Case Study of Anning Industrial Park in Yunnan," Land, MDPI, vol. 12(4), pages 1-26, March.
    16. Dani Aoun, 2015. "Who pays more to preserve a natural reserve, visitors or locals? A confidence analysis of a contingent valuation application," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 17(4), pages 471-486, October.
    17. Raul-Tomas Mora-Garcia & Maria-Francisca Cespedes-Lopez & V. Raul Perez-Sanchez & Pablo Marti & Juan-Carlos Perez-Sanchez, 2019. "Determinants of the Price of Housing in the Province of Alicante (Spain): Analysis Using Quantile Regression," Sustainability, MDPI, vol. 11(2), pages 1-33, January.
    18. Marcelo Cajias & Philipp Freudenreich & Anna Heller & Wolfgang Schaefers, 2018. "Censored Quantile Regressions and the Determinants of Real Estate Liquidity," ERES eres2018_203, European Real Estate Society (ERES).
    19. Mats Wilhelmsson, 2019. "Energy Performance Certificates and Its Capitalization in Housing Values in Sweden," Sustainability, MDPI, vol. 11(21), pages 1-16, November.
    20. Villar, Jaume García & Raya, Josep Maria, 2015. "Use of a Gini index to examine housing price heterogeneity: A quantile approach," Journal of Housing Economics, Elsevier, vol. 29(C), pages 59-71.

    More about this item

    Keywords

    Urban parks; CVM; WTP; Quantile regression; OLS; Greece;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecanpo:v:74:y:2022:i:c:p:421-431. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/economic-analysis-and-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.