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Estimating residents' WTP for ecosystem services improvement in a payments for ecosystem services (PES) program: A choice experiment approach

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  • Ureta, J. Carl
  • Motallebi, Marzieh
  • Vassalos, Michael
  • Seagle, Steven
  • Baldwin, Robert

Abstract

Conservation programs help mitigate the detrimental effects on ecosystems and ecosystem services (ES). However, continuous financial support is essential for their sustainability. Therefore, sustainable financing mechanisms such as Payments for Ecosystem Services (PES) are developed. Nevertheless, assessing whether substantial support could be obtained from stakeholders is critical in establishing a PES. This study evaluated the feasibility of establishing a PES by estimating the potential community benefits from ES improvement using a choice modeling approach.

Suggested Citation

  • Ureta, J. Carl & Motallebi, Marzieh & Vassalos, Michael & Seagle, Steven & Baldwin, Robert, 2022. "Estimating residents' WTP for ecosystem services improvement in a payments for ecosystem services (PES) program: A choice experiment approach," Ecological Economics, Elsevier, vol. 201(C).
  • Handle: RePEc:eee:ecolec:v:201:y:2022:i:c:s0921800922002233
    DOI: 10.1016/j.ecolecon.2022.107561
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    2. Ashok Kumar Sar, 2023. "Price estimation for Amazon Prime video in India," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 22(4), pages 312-318, August.

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