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Assessing the Preservation of Parks and Natural Protected Areas: A Review of Contingent Valuation Studies

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  • George Halkos

    (Laboratory of Operations Research, Department of Economics, University of Thessaly, 28hs Octovriou 78, 38333 Volos, Greece)

  • Aikaterini Leonti

    (Graduate Program of Sustainable Development, Department of Home Economics and Ecology, School of Environment, Geography and Applied Economics, Harokopio University, El. Venizelou 70, 17671 Athens, Greece)

  • Eleni Sardianou

    (Graduate Program of Sustainable Development, Department of Home Economics and Ecology, School of Environment, Geography and Applied Economics, Harokopio University, El. Venizelou 70, 17671 Athens, Greece)

Abstract

The existence of parks is particularly important and offers many benefits both to the environment and to humans. Parks are recreational spaces, which contribute to the improvement of the microclimate, reduce atmospheric pollution and protect biodiversity. Their importance for the urban environment is even greater because they offer pure oxygen to the city and people feel close to nature in them. The aim of this study is to review studies which took place globally as well as in Greece, relying on the Contingent Valuation Method (CVM) for parks. The reason that this method is used is the valuation of non-market goods and services through the development of a hypothetical market. Additionally, a distinction is made among previous empirical studies depending on the nature of the parks and the country where the survey was conducted, while the disadvantages that must be considered from the use of Contingent Valuation Method are mentioned. According to the findings of the literature review, studies using Contingent Valuation in Greece, particularly in the case of urban parks, are limited. As far as we know, the valuation of existing urban parks has not yet been studied, so this could be a field for further research. The economic valuation of parks in a country like Greece, which suffered with the financial crisis, can lead to conclusions about the value that citizens attribute to parks and the identification of possible protest responses.

Suggested Citation

  • 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.
  • Handle: RePEc:gam:jsusta:v:12:y:2020:i:11:p:4784-:d:370149
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    Cited by:

    1. 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).
    2. Maria Rosa Trovato & Paolo Micalizzi & Salvatore Giuffrida, 2021. "Assessment of Landscape Co-Benefits in Natura 2000 Site Management Plans," Sustainability, MDPI, vol. 13(10), pages 1-38, May.
    3. Azdren Doli & Dastan Bamwesigye & Petra Hlaváčková & Jitka Fialová & Petr Kupec & Obed Asamoah, 2021. "Forest Park Visitors Opinions and Willingness to Pay for Sustainable Development of the Germia Forest and Recreational Park," Sustainability, MDPI, vol. 13(6), pages 1-16, March.
    4. 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.
    5. 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.

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