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Estimating the Outdoor Recreational Value of Chitgar Forestial Park of Tehran with the Use of Contingent Valuation Method (CV)

Author

Listed:
  • Majid Kholuzini Sharahi

    (University of Allame Tabataei, Tehran)

  • Mohamad Hosein Mohamadi

    (University of Ashrafi Isfahani, Isfahan)

  • Azam Abedini

    (University of Allame Tabataei, Tehran)

Abstract

Among issues related to the environment, one of the most important issues is pricing the environment. In the present study, the outdoor recreational value of Chitgar Jungle Park of Tehran and its visitors' willingness to pay per visit (WTP) were estimated by using Contingent Valuation method (CV) and 140 questionnaires based on dichotomous choice. The results revealed that 30 percent of the surveyed people were willing to pay an entrance fee and the mean willingness to pay for each visitor was estimated at 3076 Rials and its total annual recreational value was estimated at 5 billion Rials. Among the effective variables on individuals' visit of this park, recommendation, income, per-visit cost, family size, and visits during a year were 1% significant; park facilities and quality were 5% significant; and the visitors' use of personal vehicles, education, type of house, as well as job were 10% significant.

Suggested Citation

  • 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.
    • Handle: RePEc:sph:rjedep:v:4:y:2015:i:3:p:64-75
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    References listed on IDEAS

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    4. Echeverria, Jaime & Hanrahan, Michael & Solorzano, Raul, 1995. "Valuation of non-priced amenities provided by the biological resources within the Monteverde Cloud Forest Preserve, Costa Rica," Ecological Economics, Elsevier, vol. 13(1), pages 43-52, April.
    5. Amigues, Jean-Pierre & Boulatoff (Broadhead), Catherine & Desaigues, Brigitte & Gauthier, Caroline & Keith, John E., 2002. "The benefits and costs of riparian analysis habitat preservation: a willingness to accept/willingness to pay contingent valuation approach," Ecological Economics, Elsevier, vol. 43(1), pages 17-31, November.
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    Cited by:

    1. 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).
    2. 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.

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    More about this item

    Keywords

    Environment; Contingent Valuation (CV); Willingness to pay; Logit model;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
    • Q29 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Other

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