Measurement of Bequest Value Using a Non-monetary Payment in a Choice Experiment—The Case of Improving Forest Ecosystem Services for the Benefit of Local Communities in Rural Kenya

Iason Diafas, Jan Barkmann and John Mburu

Ecological Economics, 2017, vol. 140, issue C, 157-165

Abstract: This paper adds to the limited literature on the bequest value of environmental resources. A choice experiment (CE) was carried out in order to estimate the economic value of changes in ecosystem services that impact on the welfare of rural communities in the vicinity of a rainforest in Kenya. Our results demonstrate that, in addition to valuing immediate benefits, respondents were willing to pay 1750Kshs for the use of forest resources by posterity. The results also establish that the chosen non-monetary payment vehicle was not evaluated differently to a standard cash payment.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0921800916307388
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:140:y:2017:i:c:p:157-165

DOI: 10.1016/j.ecolecon.2017.05.006

Access Statistics for this article

Ecological Economics is currently edited by C. J. Cleveland

More articles in Ecological Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().