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Economic valuation of ecosystem services provided by the Wilanów Park: A benefit transfer study

Author

Listed:
  • Ewa Zawojska

    (Faculty of Economic Sciences, University of Warsaw)

  • Zbigniew Szkop

    (Faculty of Economic Sciences, University of Warsaw)

  • Mikołaj Czajkowski

    (Faculty of Economic Sciences, University of Warsaw)

  • Tomasz Żylicz

    (Faculty of Economic Sciences, University of Warsaw)

Abstract

The Wilanów royal residence – the palace, buildings, monuments and gardens located in the park – is a unique combination of magnificent architecture, historic tradition and nature. They provide multiple benefits to both tourists and inhabitants of Warsaw. In this study we aim at estimating the economic value of nature-related benefits of the Wilanów residence, namely the value of ecosystem services provided by the Park. We use a benefit transfer method and find the value of ecosystem services of the Wilanów Park at 500 thousand euro per year. This seems a significant amount, nevertheless it is much lower than the value of “services” provided by the non-biological assets of the residence.

Suggested Citation

  • Ewa Zawojska & Zbigniew Szkop & Mikołaj Czajkowski & Tomasz Żylicz, 2016. "Economic valuation of ecosystem services provided by the Wilanów Park: A benefit transfer study," Working Papers 2016-31, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2016-31
    as

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    File URL: http://www.wne.uw.edu.pl/index.php/download_file/3167/
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    References listed on IDEAS

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    More about this item

    Keywords

    economic valuation; ecosystem services; benefit transfer method; Wilanów Park;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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