Author(s): E. H. Erichsen, B. Hasler & C. Damgaard
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...
Size: 485 kb
Paper DOI: 10.2495/ECO030442
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