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Willingness to Pay for Biodiversity Conservation

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  • Amit K. Bhandari
  • Almas Heshmati

    ()
    (Technology Management, Economics and Policy Program (TEMEP), Seoul National University)

Abstract

Nature based tourism is the fastest growing tourism in many parts of the world. The attitude towards conservation of nature is measured by individuals¡¯willingness to pay. This study has made an attempt to investigate the determinants of tourists¡¯willingness to pay (WTP) for biodiversity conservation. The determinants include a combination of socio-economic and site-specific characteristics of tourists. The study was conducted in Sikkim, which is India¡¯s prime nature based tourism destination. Results show that willingness to pay is determined by the level of education and income of tourists. Among site-specific characteristics length of stay and number of spots are the significant determinants of willingness to pay. This empirical research is a valuable input to identify market segment among tourists, which might help to generate more revenue for biodiversity conservation in Sikkim.

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File URL: ftp://147.46.237.98/DP-38.pdf
File Function: First version, 2009
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Bibliographic Info

Paper provided by Seoul National University; Technology Management, Economics, and Policy Program (TEMEP) in its series TEMEP Discussion Papers with number 200938.

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Length: 21 pages
Date of creation: Dec 2009
Date of revision: Dec 2009
Handle: RePEc:snv:dp2009:200938

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Keywords: Willingness to pay; conservation; tourism; logit model; tobit model;

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  1. Camille Bann, 1998. "The Economic Valuation of Tropical Forest Land Use Options: A Manual for Researchers," EEPSEA Special and Technical Paper sp199801t4, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jan 1998.
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  6. Bengt Kristrom & Pere Riera, 1996. "Is the income elasticity of environmental improvements less than one?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 7(1), pages 45-55, January.
  7. Copeland, Brian R, 1991. "Tourism, Welfare and De-industrialization in a Small Open Economy," Economica, London School of Economics and Political Science, vol. 58(232), pages 515-29, November.
  8. Donna Brennan & Sorada Tapsuwan & Gordon Ingram, 2007. "The welfare costs of urban outdoor water restrictions," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(3), pages 243-261, 09.
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