Economic valuation of ecosystem services provided by the Wilanów Park: A benefit transfer study
Zbigniew Szkop (),
Mikolaj Czajkowski () and
No 2016-31, Working Papers from Faculty of Economic Sciences, University of Warsaw
The Wilanów royal residence – the palace, buildings, monuments and gardens located in the park – is a unique combination of magnificent architecture, historic tradition and nature. They provide multiple benefits to both tourists and inhabitants of Warsaw. In this study we aim at estimating the economic value of nature-related benefits of the Wilanów residence, namely the value of ecosystem services provided by the Park. We use a benefit transfer method and find the value of ecosystem services of the Wilanów Park at 500 thousand euro per year. This seems a significant amount, nevertheless it is much lower than the value of “services” provided by the non-biological assets of the residence.
Keywords: economic valuation; ecosystem services; benefit transfer method; Wilanów Park (search for similar items in EconPapers)
JEL-codes: H41 Q5 (search for similar items in EconPapers)
Pages: 18 pages
New Economics Papers: this item is included in nep-env and nep-res
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http://www.wne.uw.edu.pl/index.php/download_file/3167/ First version, 2016 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:war:wpaper:2016-31
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