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Assessing willingness to pay for marine and coastal ecosystems: A Case Study in Greece

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  • Halkos, George
  • Galani, Georgia

Abstract

The achievement of good environmental status (GES) of marine and coastal ecosystem services is specified in the Marine Strategy Framework Directive (MSFD). This paper uses the choice experiment methodology (CE) to estimate the value of non-market benefits of marine and coastal ecosystem. Non-market benefits are rarely considered in marine planning and management. Assessing respondents’ willingness to pay in order to contribute in the development of marine planning and management implies that changes in marine and ecosystem services in Greece should be considered. Using appropriate econometric methods the empirical results show government trust and willingness to pay is directly linked. The results demonstrate also that preferences are heterogeneous with changes in certain marine and coastal attributes.

Suggested Citation

  • Halkos, George & Galani, Georgia, 2016. "Assessing willingness to pay for marine and coastal ecosystems: A Case Study in Greece," MPRA Paper 68767, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:68767
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Paunić, Alida, 2016. "Brazil, Preservation of Forest and Biodiversity," MPRA Paper 71462, University Library of Munich, Germany.
    2. Ekonomou, George & Halkos, George, 2024. "Seeing fishing tourism as a means to achieve sustainable marine and coastal zone management," MPRA Paper 121732, University Library of Munich, Germany.
    3. Ekonomou, George & Halkos, George, 2024. "Applying a systems thinking approach to tourism," MPRA Paper 121755, University Library of Munich, Germany.
    4. Susana Oliveira & Lígia M. Costa Pinto, 2021. "Choice experiments to elicit the users’ preferences for coastal erosion management: the case of Praia da Amorosa," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(7), pages 9749-9765, July.
    5. 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.

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    More about this item

    Keywords

    Marine Strategy Framework Directive; Marine and coastal ecosystems; Non-market valuation; Choice experiment.;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics

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