The Economic Value of Protected Areas – An Outline of the Issues and Research Methodology Cover Image

Ekonomiczna wartość obszarów chronionych. Zarys problematyki i metodyka badań
The Economic Value of Protected Areas – An Outline of the Issues and Research Methodology

Author(s): Bernadetta Zawilińska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: protected areas; value of the environment; total economic value concept; travel cost method; contingent valuation method

Summary/Abstract: Theoretical in nature, this paper provides an overview of issues concerning the economic value of protected areas, including methodological problems relating to the valuation of natural assets. It discusses the total economic value concept, which defines the value of natural areas as consisting of use values (direct use values, indirect use values and option values) and non-use values (bequest values and existence values). Selected methods used in the valuation of use and non-use values of natural areas are also presented (e.g. travel cost method, hedonic prices method, contingent valuation method).

  • Issue Year: 936/2014
  • Issue No: 12
  • Page Range: 113-129
  • Page Count: 17