A study of People’s Preferences of the Environmental Status of Lake Harku and the Benefits Offered by the Lake and Its Surrounding
Keywords: Willingness to pay, contingent valuation, discrete choice experiment, lake ecosystem services
AbstractThe 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.
Download data is not yet available.
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
Articles. Artikeln. Artiklid
The publication Estonian Discussions on Economic Policy uses the Creative Commons Attribution 4.0 License. With the delivery of a paper, the author grants to the Board also the right to publish the paper in the journal. The journal has set no obstacles or prohibitions to the authors for the future, and according to the current practice, authors subsequently use their paper as they consider it appropriate. Authors are personally responsible for the content, correct spelling and formatting of their publications.