Monumental trees and their existence value: the case study of an Italian natural park

A. Asciuto, V. Borsellino, M. D'Acquisto, C.P. Di Franco, M. Di Gesaro and E. Schimmenti
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A. Asciuto: Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy
V. Borsellino: Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy
M. D'Acquisto: Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy
C.P. Di Franco: Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy
M. Di Gesaro: Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy
E. Schimmenti: Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy

Journal of Forest Science, 2015, vol. 61, issue 2, 55-61

Abstract: This paper aims to the valuation of the benefits that a local community living in a protected area may perceive with regard to the presence of monumental trees. Financial resources to be destined for protection interventions have been decreasing more and more, with a high risk of losing this natural heritage. A CVM survey was carried out among theMadoniePark(Sicily,Italy) resident households, to evaluate the existence value of monumental trees of the Nature Trail named "Piano Sempria-Piano Pomo", represented by a population of "Giant hollies" and by 7 other individual trees. These are the main results of the CVM survey: the overall response rate was 40%, individual average WTPs were €12.37 for the protection of the holly population and €13.45 for all the monumental trees along the Nature Trail. The median WTPs were respectively €2.00 and €5.00. The aggregate WTP estimates for the Park residents range from a minimum of €10,520.40 to a maximum amount of €83,479.37 depending upon the investigated resource and the statistics considered.

Keywords: Contingent Valuation Method; Giant hollies; Parks; Sicily; Willingness To Pay (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnljfs:v:61:y:2015:i:2:id:86-2014-jfs

DOI: 10.17221/86/2014-JFS

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