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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Article
Author(s)
Odysseas Kopsidas
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DOI:10.17265/2162-5298/2018.03.005
Affiliation(s)
Department of Industrial Management and Technology, University of Piraeus, Piraeus 18534, Greece
ABSTRACT
The preservation/restoration of natural environment is usually entailing
high cost mostly paid by citizens through taxes. The effect of these taxes is
double. The direct effect is the obvious additional income for the State, and
the indirect effect is an additional income for the citizen, due to increasing
tourism. Since the evaluation of this good cannot be in market terms, authors apply a modified CVM
(Contingent Valuation Method), which is part of Experimental Economics, in
order to find out the order of concern that people have about natural
environment. Authors also, try to
investigate their WTP (Willingness To Pay) for supporting activities for
preservation/restoration of three lakes in Northern Greece, in particular, lake
of Ioannina, lake of Florina and lake of Kastoria. For the purpose of this
research, authors use parametric and
non-parametric approaches, as well as Linear Regression and Logic Models.
KEYWORDS
Valuation method, CVM, natural environment, WTP, Logit Model, linear regression, parametric and non-parametric approaches.
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