IDEAS home Printed from https://ideas.repec.org/a/taf/teepxx/v2y2013i2p148-163.html
   My bibliography  Save this article

Willingness to pay for water level regulation in Lake Pielinen, Finland

Author

Listed:
  • Virpi Lehtoranta
  • Elina Seppälä
  • Anna-Kaisa Kosenius

Abstract

Water environments provide many benefits for humans. In Finland, thousands of inland lakes serve a very rich and important environment for many activities and a number of ecosystem services. These services can be threatened due to other human activities but also for natural reasons. The natural fluctuation of water level in Lake Pielinen, the largest non-regulated lake in Finland, damages occupational, recreational and housing possibilities. This paper focuses on the examination of the local households' attitudes, opinions and willingness to pay (WTP) for water level regulation at optimum level for recreational purposes in the summertime. The related economic benefits are analysed by applying the contingent valuation (CV) method. The logistic regression model and a variant of the Tobit model are used in the econometric analyses. The results show that WTP increases with higher income, youth, living near the shore, having a boat, being aware of the regulation plans and having no difficulties with the questions. The aggregate WTP of the local population is approximately EUR 0.24-0.44 million. The attitudinal results reveal a strong local interest in the regulation of Lake Pielinen.

Suggested Citation

  • Virpi Lehtoranta & Elina Seppälä & Anna-Kaisa Kosenius, 2013. "Willingness to pay for water level regulation in Lake Pielinen, Finland," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 2(2), pages 148-163, July.
    • Handle: RePEc:taf:teepxx:v:2:y:2013:i:2:p:148-163
    DOI: 10.1080/21606544.2013.764615
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/21606544.2013.764615
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/21606544.2013.764615?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. Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427.
    2. Ian J. Bateman & Richard T. Carson & Brett Day & Michael Hanemann & Nick Hanley & Tannis Hett & Michael Jones-Lee & Graham Loomes, 2002. "Economic Valuation with Stated Preference Techniques," Books, Edward Elgar Publishing, number 2639.
    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. Saarikoski, Heli & Mustajoki, Jyri & Barton, David N. & Geneletti, Davide & Langemeyer, Johannes & Gomez-Baggethun, Erik & Marttunen, Mika & Antunes, Paula & Keune, Hans & Santos, Rui, 2016. "Multi-Criteria Decision Analysis and Cost-Benefit Analysis: Comparing alternative frameworks for integrated valuation of ecosystem services," Ecosystem Services, Elsevier, vol. 22(PB), pages 238-249.
    2. 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.

    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. Verbic, Miroslav & Slabe-Erker, Renata, 2009. "An econometric analysis of willingness-to-pay for sustainable development: A case study of the Volcji Potok landscape area," Ecological Economics, Elsevier, vol. 68(5), pages 1316-1328, March.
    2. Giles Atkinson & Sian Morse-Jones & Susana Mourato & Allan Provins, 2012. "‘When to Take “No” for an Answer’? Using Entreaties to Reduce Protests in Contingent Valuation Studies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 51(4), pages 497-523, April.
    3. Otrachshenko, Vladimir & Tyurina, Elena & Nagapetyan, Artur, 2022. "The economic value of the Glass Beach: Contingent valuation and life satisfaction approaches," Ecological Economics, Elsevier, vol. 198(C).
    4. Tuan, Tran Huu & Navrud, Stale, 2009. "Applying the dissonance-minimising format to value cultural heritage in developing countries," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 53(3), pages 1-17.
    5. Kerstin K Zander & Gillian B Ainsworth & Jürgen Meyerhoff & Stephen T Garnett, 2014. "Threatened Bird Valuation in Australia," PLOS ONE, Public Library of Science, vol. 9(6), pages 1-9, June.
    6. Gürlük, Serkan & Ward, Frank A., 2009. "Integrated basin management: Water and food policy options for Turkey," Ecological Economics, Elsevier, vol. 68(10), pages 2666-2678, August.
    7. Waranan Tantiwat & Christopher Gan & Wei Yang, 2021. "The Estimation of the Willingness to Pay for Air-Quality Improvement in Thailand," Sustainability, MDPI, vol. 13(21), pages 1-23, November.
    8. Wilson, Jeffrey J. & Lantz, Van A. & MacLean, David A., 2010. "A benefit-cost analysis of establishing protected natural areas in New Brunswick, Canada," Forest Policy and Economics, Elsevier, vol. 12(2), pages 94-103, February.
    9. Gurluk, Serkan, 2006. "The estimation of ecosystem services' value in the region of Misi Rural Development Project: Results from a contingent valuation survey," Forest Policy and Economics, Elsevier, vol. 9(3), pages 209-218, December.
    10. Catherine L. Kling & Daniel J. Phaneuf & Jinhua Zhao, 2012. "From Exxon to BP: Has Some Number Become Better Than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 3-26, Fall.
    11. Rinaldo Brau, 2008. "Demand-Driven Sustainable Tourism? A Choice Modelling Analysis," Tourism Economics, , vol. 14(4), pages 691-708, December.
    12. Malte Grossmann & Ottfried Dietrich, 2012. "Integrated Economic-Hydrologic Assessment of Water Management Options for Regulated Wetlands Under Conditions of Climate Change: A Case Study from the Spreewald (Germany)," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(7), pages 2081-2108, May.
    13. Jegnie, Alemken & Hailu, Atakelty & Burton, Michael P., 2017. "Boat-based and other recreational fishing in Western Australia: Analysis of site choice, access values and bag limit effects," Working Papers 257167, University of Western Australia, School of Agricultural and Resource Economics.
    14. Massimo Filippini & Giuliano Masiero & Diego Medici, 2012. "The demand for school meals: an analysis of stated choices by Swiss households," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 1204, USI Università della Svizzera italiana.
    15. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
    16. Lindhjem, Henrik & Navrud, Ståle, 2008. "Internet CV surveys – a cheap, fast way to get large samples of biased values?," MPRA Paper 11471, University Library of Munich, Germany.
    17. Paul Mwebaze & Jeff Bennett & Nigel W. Beebe & Gregor J. Devine & Paul Barro, 2018. "Economic Valuation of the Threat Posed by the Establishment of the Asian Tiger Mosquito in Australia," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(2), pages 357-379, October.
    18. Lankia, Tuija & Neuvonen, Marjo & Pouta, Eija & Sievänen, Tuija, 2014. "Willingness to contribute to the management of recreational quality on private lands in Finland," Journal of Forest Economics, Elsevier, vol. 20(2), pages 141-160.
    19. Changsok Yoo & Yelim Kim & Jee Hoon Sohn, 2021. "Evaluating the Social Cost of Conflict between New Media and Society: The Case of Gaming Disorder in South Korea," Sustainability, MDPI, vol. 13(14), pages 1-13, July.
    20. Petter Gudding & Gorm Kipperberg & Craig Bond & Kelly Cullen & Eric Steltzer, 2018. "When a Good Is a Bad (or a Bad Is a Good)—Analysis of Data from an Ambiguous Nonmarket Valuation Setting," Sustainability, MDPI, vol. 10(1), pages 1-16, January.

    More about this item

    Statistics

    Access and download statistics

    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:taf:teepxx:v:2:y:2013:i:2:p:148-163. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/teep20 .

    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.