A study of People’s Preferences of the Environmental Status of Lake Harku and the Benefits Offered by the Lake and Its Surrounding

  • Tea Nõmmann
  • Üllas Ehrlich
  • Sirje Pädam
Keywords: Willingness to pay, contingent valuation, discrete choice experiment, lake ecosystem services

Abstract

The article examines the demand of people for the improvement of the condition Lake Harku. Lake Harku is located in a densely populated area on the border of the city of Tallinn and it is in a poor state as a water body according to the EU classification. Two stated preference methods, contingent valuation (CV) and choice experiment (CE), were used for assessing the monetary value people place on the improvement of the ecosystem services of the lake as non-market environmental goods. The results of the work confirmed there is significant willingness to pay for the improvement of the condition of the water body. From a methodological point of view, an important finding is that the CV method yielded lower result than the estimated payment option of the CE.

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Author Biographies

Tea Nõmmann
Tallinn University of Technology and WSP
Üllas Ehrlich
Tallinn University of Technology and WSP
Sirje Pädam
Tallinn University of Technology and WSP
Published
2020-10-25
How to Cite
Nõmmann, T., Ehrlich, Üllas, & Pädam, S. (2020). A study of People’s Preferences of the Environmental Status of Lake Harku and the Benefits Offered by the Lake and Its Surrounding. Estonian Discussions on Economic Policy, 28(1-2), 85-101. Retrieved from http://ojs.utlib.ee/index.php/TPEP/article/view/16803
Section
Articles. Artikeln. Artiklid