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Incorporating cultural values and preferences in wetland valuation and policy

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  • MAYULA CHAIKUMBUNG

    ()

  • HELEN SCARBOROUGH

    ()

  • CHRIS DOUCOULIAGOS

    ()

Abstract

This paper reports the findings of a choice modelling study designed to estimate the willingness-to-pay (WTP) for improvement of the ecosystem services of Bung Khong Long wetland in Thailand. The findings indicate that the cultural values associated with the wetland are significant suggesting that incorporating culture preferences may be a key factor in supporting wetland conservation. Attitudinal characteristics of respondents are important factors influencing WTP, implying community preferences are important in the effectiveness of environmental conservation efforts for this community.

Suggested Citation

  • Mayula Chaikumbung & Helen Scarborough & Chris Doucouliagos, 2014. "Incorporating cultural values and preferences in wetland valuation and policy," Economics Series 2014_3, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
  • Handle: RePEc:dkn:econwp:eco_2014_3
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    File URL: http://www.deakin.edu.au/buslaw/aef/workingpapers/papers/2014_3.pdf
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    Keywords

    Wetland valuation; Cultural values; Choice modelling;

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