Metropolitan Residents’ Preferences and Willingness to Pay for a Life Zone Forest for Mitigating Heat Island Effects during Summer Season in Korea

Dong-Hyeon Kim, Byeong-Il Ahn and Eui-Gyeong Kim
Additional contact information
Dong-Hyeon Kim: Institute of Agriculture and Life Science, Gyeongsang National University, Jinju 52828, Korea
Byeong-Il Ahn: Department of Food and Resource Economics, Korea University, Seoul 02841, Korea
Eui-Gyeong Kim: Department of Forest Environmental Resources (Institute of Agriculture and Life Science), Gyeongsang National University, Jinju 52828, Korea

Sustainability, 2016, vol. 8, issue 11, 1-15

Abstract: Coupled with green house effects, the urban heat island is occurring more frequently, and thus is becoming a serious social problem. In order to elicit policy implications, the current study assesses the economic values on the heat island-mitigating functions of urban forest through choice experiments. The analytical results suggest that metropolitan city residents’ utility can be increased by raising the size of life zone forests which is comprised of street trees, parks in residential regions, and small forests in school zones. The derived marginal willingness to pay for the life zone forests suggest that the respondents are willing to pay $56.68–76.59 for every increase of the urban forest by 1 m 2 .

Keywords: heat island; choice experiment; urban forests; non-market goods; willingness to pay (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www.mdpi.com/2071-1050/8/11/1155/pdf (application/pdf)
https://www.mdpi.com/2071-1050/8/11/1155/ (text/html)

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:gam:jsusta:v:8:y:2016:i:11:p:1155-:d:82535

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().