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Monumental trees and their existence value: the case study of an Italian natural park

Author

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  • A. Asciuto

    (Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy)

  • V. Borsellino

    (Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy)

  • M. D'Acquisto

    (Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy)

  • C.P. Di Franco

    (Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy)

  • M. Di Gesaro

    (Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy)

  • E. Schimmenti

    (Department of Agricultural and Forest Sciences, Università degli Studi di Palermo, Palermo, Italy)

Abstract

This paper aims to the valuation of the benefits that a local community living in a protected area may perceive with regard to the presence of monumental trees. Financial resources to be destined for protection interventions have been decreasing more and more, with a high risk of losing this natural heritage. A CVM survey was carried out among theMadoniePark(Sicily,Italy) resident households, to evaluate the existence value of monumental trees of the Nature Trail named "Piano Sempria-Piano Pomo", represented by a population of "Giant hollies" and by 7 other individual trees. These are the main results of the CVM survey: the overall response rate was 40%, individual average WTPs were €12.37 for the protection of the holly population and €13.45 for all the monumental trees along the Nature Trail. The median WTPs were respectively €2.00 and €5.00. The aggregate WTP estimates for the Park residents range from a minimum of €10,520.40 to a maximum amount of €83,479.37 depending upon the investigated resource and the statistics considered.

Suggested Citation

  • A. Asciuto & V. Borsellino & M. D'Acquisto & C.P. Di Franco & M. Di Gesaro & E. Schimmenti, 2015. "Monumental trees and their existence value: the case study of an Italian natural park," Journal of Forest Science, Czech Academy of Agricultural Sciences, vol. 61(2), pages 55-61.
    • Handle: RePEc:caa:jnljfs:v:61:y:2015:i:2:id:86-2014-jfs
    DOI: 10.17221/86/2014-JFS
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    References listed on IDEAS

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    Cited by:

    1. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2023. "Limited substitutability, relative price changes and the uplifting of public natural capital values," Papers 2308.04400, arXiv.org, revised Mar 2024.

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