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Contingent valuation of scenic lakes

Author

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  • Takehisa Kumakawa

    (Osaka University of Economics, Japan)

Abstract

This note aims to demonstrate an effect of environmental concerns and other-regarding preferences on individuals’ willingness to pay (WTP) for environmental goods. We investigate the hypothesis that these important attributes are closely related to WTP. The results show that both pro-social behavior and trust, as represented by psychological scale measurements, have significant positive impacts on WTP: the more pro-social and trusting people are, the more willing they are to support the preservation of scenic lake landscapes. In contrast, environmental awareness, represented by an environmental issues test score, has little influence on WTP.

Suggested Citation

  • Takehisa Kumakawa, 2016. "Contingent valuation of scenic lakes," Tourism Economics, , vol. 22(5), pages 1121-1125, October.
    • Handle: RePEc:sae:toueco:v:22:y:2016:i:5:p:1121-1125
    DOI: 10.5367/te.2014.0455
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    References listed on IDEAS

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    Cited by:

    1. Chanyul Park & Hwasung Song, 2018. "Visitors’ Perceived Place Value and the Willingness to Pay in an Urban Lake Park," IJERPH, MDPI, vol. 15(11), pages 1-15, November.

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