Contingent valuation of scenic lakes

Takehisa Kumakawa
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Takehisa Kumakawa: Osaka University of Economics, Japan

Tourism Economics, 2016, vol. 22, issue 5, 1121-1125

Abstract: This note aims to demonstrate an effect of environmental concerns and other-regarding preferences on individuals’ willingness to pay (WTP) for environmental goods. We investigate the hypothesis that these important attributes are closely related to WTP. The results show that both pro-social behavior and trust, as represented by psychological scale measurements, have significant positive impacts on WTP: the more pro-social and trusting people are, the more willing they are to support the preservation of scenic lake landscapes. In contrast, environmental awareness, represented by an environmental issues test score, has little influence on WTP.

Keywords: contingent valuation; environmental concerns; pro-sociality; trust; wetlands (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:22:y:2016:i:5:p:1121-1125

DOI: 10.5367/te.2014.0455

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