Estimating residents' WTP for ecosystem services improvement in a payments for ecosystem services (PES) program: A choice experiment approach

J. Carl Ureta, Marzieh Motallebi, Michael Vassalos, Steven Seagle and Robert Baldwin

Ecological Economics, 2022, vol. 201, issue C

Abstract: Conservation programs help mitigate the detrimental effects on ecosystems and ecosystem services (ES). However, continuous financial support is essential for their sustainability. Therefore, sustainable financing mechanisms such as Payments for Ecosystem Services (PES) are developed. Nevertheless, assessing whether substantial support could be obtained from stakeholders is critical in establishing a PES. This study evaluated the feasibility of establishing a PES by estimating the potential community benefits from ES improvement using a choice modeling approach.

Keywords: Ecosystem services; Payments for Ecosystem Services (PES); Non-market valuation; Choice experiment (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:201:y:2022:i:c:s0921800922002233

DOI: 10.1016/j.ecolecon.2022.107561

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