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The value of Danish forest areas

Author(s): E. H. Erichsen, B. Hasler & C. Damgaard Abstract: Nature and recreation opportunities are requested by an urbanising society, and forestation and nature restoration projects can be socially desirable both in rural and urban areas. But recreation and nature values are not traded on a market, and the value of such projects cannot be compared with the value of other projects. However, the benefits of forestation and nature restoration projects can be assessed by monetary valuation methods. One of these methods is the hedonic price method, by which house price functions can be used to reveal how much people are willing to pay for amenity benefits in housing. House owners' willingness to pay for forest amenities in four forests and one afforestation area in Denmark is analysed by hedonic pricing. The results clear... Pages: 10 Size: 485 kb Paper DOI: 10.2495/ECO030442

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Download the Full Article This article is part of the WIT OpenView scheme and you can download the full text Adobe PDF article for FREE by clicking the 'Openview' icon to the right.