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Assessing forest management strategies using a contingent valuation approach and advanced visualisation techniques: A Portuguese case study

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  • Madureira, Lívia
  • Nunes, Luis C.
  • Borges, José G.
  • Falcão, André O.

Abstract

The assessment of alternative forest management strategies should account not only for the private benefits to forest landowners but also for the ecological, environmental and economic benefits valued by society. There are a number of empirical valuation methods that may contribute to that assessment. These methods involve several steps: data acquisition, model specification and estimation. In this paper, this approach is illustrated in the context of a survey regarding alternative management strategies for a forest area in Central Portugal by implementing a contingent valuation experiment where an advanced landscape visualisation technique is employed to generate the visual information conveyed in the valuation scenarios. Several econometric model specifications are considered as well as alternative approaches to handle zero willingness to pay values and protest responses. The results obtained suggest the potential of the proposed approach for an effective comparison of alternative forest management strategies.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Forest Economics.

Volume (Year): 17 (2011)
Issue (Month): 4 ()
Pages: 399-414

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Handle: RePEc:eee:foreco:v:17:y:2011:i:4:p:399-414

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Keywords: Forest management; Forest valuation; Contingent valuation; Visualisation techniques; Protest responses;

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References

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Cited by:
  1. Krawczyk, Michał, 2012. "Testing for hypothetical bias in willingness to support a reforestation program," Journal of Forest Economics, Elsevier, vol. 18(4), pages 282-289.
  2. Paula Simões & Luís Cruz & Eduardo Barata, 2012. "Non-market Recreational Value of a National Forest: Survey Design and Results," GEMF Working Papers 2012-09, GEMF - Faculdade de Economia, Universidade de Coimbra.

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