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Using the contingent valuation method to inform sustainable wetland management: the case of the Akrotiri wetland in Cyprus

Author

Listed:
  • Ekin Birol
  • Phoebe Koundouri
  • Yiannis Kountouris

Abstract

Wetlands are a crucial component of water resources, providing several ecological functions and services, including flood attenuation, groundwater recharge and water quality maintenance, as well as conservation of biodiversity and provision of recreational activities. In Cyprus, an arid country with scarce water resources, wetlands have been degraded and drained due to the increasing intensity of agricultural production, water pollution, dam construction and the failure of existing national policies to efficiently and effectively manage them. In this paper it is stated that in order to be able to design and implement efficient and effective policies for sustainable wetland management, both the use and the non-use values generated by their several services and functions need to be realized and captured. This paper employs a non-market valuation method, namely a contingent valuation survey, to estimate the economic benefits generated by the Akrotiri wetland in Cyprus. The paper proposes how the results of this survey can be employed to design and implement efficient and effective wetland conservation policies, as a part of integrated water resource management in Cyprus, as required by the European Union�s Water Framework Directive.

Suggested Citation

  • Ekin Birol & Phoebe Koundouri & Yiannis Kountouris, "undated". "Using the contingent valuation method to inform sustainable wetland management: the case of the Akrotiri wetland in Cyprus," DEOS Working Papers 0701, Athens University of Economics and Business.
  • Handle: RePEc:aue:wpaper:0701
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    File URL: http://wpa.deos.aueb.gr/docs/2007IAHSPublications.pdf
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    References listed on IDEAS

    as
    1. Woodward, Richard T. & Wui, Yong-Suhk, 2001. "The economic value of wetland services: a meta-analysis," Ecological Economics, Elsevier, vol. 37(2), pages 257-270, May.
    2. Andreas Kontoleon & Timothy Swanson, 2003. "The Willingness to Pay for Property Rights for the Giant Panda: Can a Charismatic Species Be an Instrument for Nature Conservation?," Land Economics, University of Wisconsin Press, vol. 79(4), pages 483-499.
    3. Timothy Haab, 1999. "Nonparticipation or Misspecification? The Impacts of Nonparticipation on Dichotomous Choice Contingent Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(4), pages 443-461, December.
    4. Kosz, Michael, 1996. "Valuing riverside wetlands: the case of the "Donau-Auen" national park," Ecological Economics, Elsevier, vol. 16(2), pages 109-127, February.
    5. Luke Brander & Raymond Florax & Jan Vermaat, 2006. "The Empirics of Wetland Valuation: A Comprehensive Summary and a Meta-Analysis of the Literature," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 33(2), pages 223-250, February.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    contingent valuation; non-use value; use value; wetland;

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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