IDEAS home Printed from https://ideas.repec.org/a/eee/lauspo/v119y2022ics0264837722002137.html
   My bibliography  Save this article

Determinants of willingness to pay for urban parks: An empirical analysis in Greece

Author

Listed:
  • Halkos, George
  • Leonti, Aikaterini
  • Petropoulos, Constantinos
  • Sardianou, Eleni

Abstract

This paper aims to assess the factors influencing the economic value of the visitor experience in two urban parks in Attica, Greece. Contingent Valuation is applied to estimate the willingness of visitors to pay an entry ticket under a hypothetical scenario. Our sample consisted of Niarchos Park visitors, which is located at Stavros Niarchos Foundation Cultural Center (SNFCC), and of Tritsis Park. The research was conducted between July 2018 and March 2019. Logit regression specifications were used and the results indicated that age, level of education, wage and employment affect people’s willingness to pay in order to visit the parks. The motivation to visit these parks in order to experience a natural environment, the expenses for the visit and the previous experience of paying an entry ticket for green spaces were also found to be significant determinants for the participants. Visitors are willing to pay on average 3.56 Euros in order to enter urban parks. The results of the study could be taken into account by policy makers regarding individuals' decisions depending on their profile and experiences.

Suggested Citation

  • Halkos, George & Leonti, Aikaterini & Petropoulos, Constantinos & Sardianou, Eleni, 2022. "Determinants of willingness to pay for urban parks: An empirical analysis in Greece," Land Use Policy, Elsevier, vol. 119(C).
    • Handle: RePEc:eee:lauspo:v:119:y:2022:i:c:s0264837722002137
    DOI: 10.1016/j.landusepol.2022.106186
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264837722002137
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.landusepol.2022.106186?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. George Halkos & Steriani Matsiori & Sophoklis Dritsas, 2019. "Stakeholder engagement for sustainable development and their suggestions for environmental policy: The case of Mediterranean monk seal," Sustainable Development, John Wiley & Sons, Ltd., vol. 27(3), pages 461-473, May.
    2. Siti Aznor Ahmad & Nick Hanley, 2009. "Willingness To Pay For Reducing Crowding Effect Damages In Marine Parks In Malaysia," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 54(01), pages 21-39.
    3. Wilson, Clevo Tis & Tisdell, Clem, 2004. "Attitudes to Entry Fees to National Parks: Results and Policy Implications from a Queensland Case Study," Economic Analysis and Policy, Elsevier, vol. 34(1), pages 79-102, March.
    4. Lin Song & Yi Xue & Yaqiong Jing & Jincan Zhang, 2021. "Visitor’s Willingness to Pay for National Park Entrance Fees in China: Evidence from a Contingent Valuation Method," IJERPH, MDPI, vol. 18(24), pages 1-14, December.
    5. Pandit, Ram & Dhakal, Maheshwar & Polyakov, Maksym, 2015. "Valuing access to protected areas in Nepal: The case of Chitwan National Park," Tourism Management, Elsevier, vol. 50(C), pages 1-12.
    6. Baral, Nabin & Stern, Marc J. & Bhattarai, Ranju, 2008. "Contingent valuation of ecotourism in Annapurna conservation area, Nepal: Implications for sustainable park finance and local development," Ecological Economics, Elsevier, vol. 66(2-3), pages 218-227, June.
    7. Ik-Chang Choi & Hyun No Kim & Hio-Jung Shin & John Tenhunen & Trung Thanh Nguyen, 2017. "Economic Valuation of the Aquatic Biodiversity Conservation in South Korea: Correcting for the Endogeneity Bias in Contingent Valuation," Sustainability, MDPI, vol. 9(6), pages 1-20, June.
    8. Wakamatsu, Mihoko & Shin, Kong Joo & Wilson, Clevo & Managi, Shunsuke, 2018. "Exploring a Gap between Australia and Japan in the Economic Valuation of Whale Conservation," Ecological Economics, Elsevier, vol. 146(C), pages 397-407.
    9. Fariba Bahriny & Simon Bell, 2020. "Patterns of Urban Park Use and Their Relationship to Factors of Quality: A Case Study of Tehran, Iran," Sustainability, MDPI, vol. 12(4), pages 1-33, February.
    10. Cohen, D.A. & McKenzie, T.L. & Sehgal, A. & Williamson, S. & Golinelli, D. & Lurie, N., 2007. "Contribution of public parks to physical activity," American Journal of Public Health, American Public Health Association, vol. 97(3), pages 509-514.
    11. Krekel, Christian & Kolbe, Jens & Wüstemann, Henry, 2016. "The greener, the happier? The effect of urban land use on residential well-being," Ecological Economics, Elsevier, vol. 121(C), pages 117-127.
    12. Amirnejad, Hamid & Khalilian, Sadegh & Assareh, Mohammad H. & Ahmadian, Majid, 2006. "Estimating the existence value of north forests of Iran by using a contingent valuation method," Ecological Economics, Elsevier, vol. 58(4), pages 665-675, July.
    13. Ghimire, Ramesh & Ferreira, Susana & Green, Gary T. & Poudyal, Neelam C. & Cordell, H. Ken & Thapa, Janani R., 2017. "Green Space and Adult Obesity in the United States," Ecological Economics, Elsevier, vol. 136(C), pages 201-212.
    14. Halkos, George & Matsiori, Steriani & Dritsas, Sophoclis, 2017. "Exploring social values for marine protected areas: The case of Mediterranean monk seal," MPRA Paper 82490, University Library of Munich, Germany.
    15. Halkos, George & Leonti, Aikaterini & Sardianou, Eleni, 2021. "Activities, motivations and satisfaction of urban parks visitors: A structural equation modeling analysis," Economic Analysis and Policy, Elsevier, vol. 70(C), pages 502-513.
    16. Javad RIKI & Masomeh HAFEZ REZAZADE & Gholamreza MIRI, 2016. "Urban Park Use, Quality Evaluation, and Resident Satisfaction Indicators in the City of Zahedan, Iran," International Journal of Geography and Geology, Conscientia Beam, vol. 5(4), pages 60-72.
    17. Yuan, Liang & Shin, Kongjoo & Managi, Shunsuke, 2018. "Subjective Well-being and Environmental Quality: The Impact of Air Pollution and Green Coverage in China," Ecological Economics, Elsevier, vol. 153(C), pages 124-138.
    18. Lincoln R Larson & Viniece Jennings & Scott A Cloutier, 2016. "Public Parks and Wellbeing in Urban Areas of the United States," PLOS ONE, Public Library of Science, vol. 11(4), pages 1-19, April.
    19. Hidemichi Fujii & Masayuki Sato & Shunsuke Managi, 2017. "Decomposition Analysis of Forest Ecosystem Services Values," Sustainability, MDPI, vol. 9(5), pages 1-14, April.
    20. Vesely, Eva-Terezia, 2007. "Green for green: The perceived value of a quantitative change in the urban tree estate of New Zealand," Ecological Economics, Elsevier, vol. 63(2-3), pages 605-615, August.
    21. Tokunaga, Kanae & Sugino, Hiroaki & Nomura, Hideaki & Michida, Yutaka, 2020. "Norms and the willingness to pay for coastal ecosystem restoration: A case of the Tokyo Bay intertidal flats," Ecological Economics, Elsevier, vol. 169(C).
    22. George Halkos & Aikaterini Leonti & Eleni Sardianou, 2020. "Assessing the Preservation of Parks and Natural Protected Areas: A Review of Contingent Valuation Studies," Sustainability, MDPI, vol. 12(11), pages 1-24, June.
    23. Gyula Kothencz & Ronald Kolcsár & Pablo Cabrera-Barona & Péter Szilassi, 2017. "Urban Green Space Perception and Its Contribution to Well-Being," IJERPH, MDPI, vol. 14(7), pages 1-14, July.
    24. Javad RIKI & Masomeh HAFEZ REZAZADE & Gholamreza MIRI, 2016. "Urban Park Use, Quality Evaluation, and Resident Satisfaction Indicators in the City of Zahedan, Iran," International Journal of Geography and Geology, Conscientia Beam, vol. 5(4), pages 60-72.
    25. Majid Kholuzini Sharahi & Mohamad Hosein Mohamadi & Azam Abedini, 2015. "Estimating the Outdoor Recreational Value of Chitgar Forestial Park of Tehran with the Use of Contingent Valuation Method (CV)," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 4(4), pages 64-75, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maria Carmela Aprile & Gennaro Punzo, 2023. "Young People and Nature: What Drives Underlying Behavioural Intentions towards Protected Areas Conservation?," Sustainability, MDPI, vol. 15(15), pages 1-27, August.
    2. Xiaoping Sun & Jiamin Shen & Ran Tao & Yu Shen & Mingchang Cao & Yang Xiao, 2023. "Local Willingness to Pay Survey for Rare and Endangered Species Protection in Qianjiangyuan National Park, China," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    3. Rui Zhou & Hiroatsu Fukuda & You Li & Yafei Wang, 2023. "Comparison of Willingness to Pay for Quality Air and Renewable Energy Considering Urban Living Experience," Energies, MDPI, vol. 16(2), pages 1-21, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. George Halkos & Aikaterini Leonti & Eleni Sardianou, 2020. "Assessing the Preservation of Parks and Natural Protected Areas: A Review of Contingent Valuation Studies," Sustainability, MDPI, vol. 12(11), pages 1-24, June.
    2. Xaysompheng Sengkhamyong & Helmut Yabar & Takeshi Mizunoya, 2022. "Assessing Household Willingness to Pay for the Conservation of the Phou Chom Voy Protected Area in Lao PDR," Sustainability, MDPI, vol. 14(18), pages 1-20, September.
    3. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2024. "Limited Substitutability, Relative Price Changes and the Uplifting of Public Natural Capital Values," CESifo Working Paper Series 11156, CESifo.
    4. Christine Bertram & Jan Goebel & Christian Krekel & Katrin Rehdanz, 2022. "Urban Land Use Fragmentation and Human Well-Being," Land Economics, University of Wisconsin Press, vol. 98(2), pages 399-420.
    5. Yang Zhang & Agnes E. Van den Berg & Terry Van Dijk & Gerd Weitkamp, 2017. "Quality over Quantity: Contribution of Urban Green Space to Neighborhood Satisfaction," IJERPH, MDPI, vol. 14(5), pages 1-10, May.
    6. Kai Wang & Jianjun Liu, 2017. "The Spatiotemporal Trend of City Parks in Mainland China between 1981 and 2014: Implications for the Promotion of Leisure Time Physical Activity and Planning," IJERPH, MDPI, vol. 14(10), pages 1-15, September.
    7. Marija Opačak & Erda Wang, 2019. "Estimating Willingness to Pay for a Future Recreational Park Atop the Current Jakuševec Landfill in Zagreb, Croatia," Sustainability, MDPI, vol. 11(21), pages 1-16, October.
    8. Karolina Dudzic-Gyurkovich, 2021. "Urban Development and Population Pressure: The Case of Młynówka Królewska Park in Krakow, Poland," Sustainability, MDPI, vol. 13(3), pages 1-25, January.
    9. Marina Bravi & Marta Bottero & Federico Dell’Anna, 2024. "An Application of the Life Satisfaction Approach (LSA) to Value the Land Consumption and Ecosystem Services," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2988-3013, March.
    10. Charlotte Wendelboe-Nelson & Sarah Kelly & Marion Kennedy & John W. Cherrie, 2019. "A Scoping Review Mapping Research on Green Space and Associated Mental Health Benefits," IJERPH, MDPI, vol. 16(12), pages 1-49, June.
    11. Hsueh-wen Chow & Andrew J. Mowen & Guan-lin Wu, 2017. "Who Is Using Outdoor Fitness Equipment and How? The Case of Xihu Park," IJERPH, MDPI, vol. 14(4), pages 1-12, April.
    12. Valente, Marieta & Fernandes, Maria Eduarda & Pinto, Lígia Maria Costa, 2024. "Crowdfunding or crowdsourcing time: Exploring the willingness of private citizens to help prevent forest fires," Forest Policy and Economics, Elsevier, vol. 163(C).
    13. Kinga Kimic & Paulina Polko, 2022. "The Use of Urban Parks by Older Adults in the Context of Perceived Security," IJERPH, MDPI, vol. 19(7), pages 1-20, March.
    14. Diana Marina Camargo & Paula Camila Ramírez & Rogério César Fermino, 2017. "Individual and Environmental Correlates to Quality of Life in Park Users in Colombia," IJERPH, MDPI, vol. 14(10), pages 1-10, October.
    15. Elli Papastergiou & Dionysis Latinopoulos & Myrto Evdou & Athanasios Kalogeresis, 2023. "Exploring Associations between Subjective Well-Being and Non-Market Values When Used in the Evaluation of Urban Green Spaces: A Scoping Review," Land, MDPI, vol. 12(3), pages 1-31, March.
    16. López-Mosquera, Natalia & Sánchez, Mercedes, 2011. "The influence of personal values in the economic-use valuation of peri-urban green spaces: An application of the means-end chain theory," Tourism Management, Elsevier, vol. 32(4), pages 875-889.
    17. Halkos, George & Leonti, Aikaterini & Sardianou, Eleni, 2022. "Determinants of willingness to pay for entrance to urban parks: A quantile regression analysis," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 421-431.
    18. Larson, Lincoln R. & Keith, Samuel J. & Fernandez, Mariela & Hallo, Jeffrey C. & Shafer, C. Scott & Jennings, Viniece, 2016. "Ecosystem services and urban greenways: What's the public's perspective?," Ecosystem Services, Elsevier, vol. 22(PA), pages 111-116.
    19. Wei-Lun Tsai & Melissa R. McHale & Viniece Jennings & Oriol Marquet & J. Aaron Hipp & Yu-Fai Leung & Myron F. Floyd, 2018. "Relationships between Characteristics of Urban Green Land Cover and Mental Health in U.S. Metropolitan Areas," IJERPH, MDPI, vol. 15(2), pages 1-12, February.
    20. Clare A. Bartels & Estelle V. Lambert & Marié E. M. Young & Tracy Kolbe-Alexander, 2023. "If You Build It Will They Come? Park Upgrades, Park Use and Park-Based Physical Activity in Urban Cape Town, South Africa—The SUN Study," IJERPH, MDPI, vol. 20(3), pages 1-24, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:lauspo:v:119:y:2022:i:c:s0264837722002137. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joice Jiang (email available below). General contact details of provider: https://www.journals.elsevier.com/land-use-policy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.