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Investigating Household Preferences for Restoring Pallikaranai Marsh

Author

Listed:
  • Suganya Balakumar

    (Madras School of Economics)

  • Sukanya Das

    (Madras School of Economics)

Abstract

The study examines households’ willingness to pay for the conservation of Pallinkaranai marsh located in the south of Chennai, Tamil Nadu. A stated preference method, namely, Contingent Valuation method (CVM) over 213 households has been employed. The results reveal that farmers are willing to pay for the restoration of the marsh which provides higher level of water quality, recreational benefit and restorartion of flora and fauna.

Suggested Citation

  • Suganya Balakumar & Sukanya Das, 2015. "Investigating Household Preferences for Restoring Pallikaranai Marsh," Working Papers 2015-126, Madras School of Economics,Chennai,India.
    • Handle: RePEc:mad:wpaper:2015-126
    as

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    File URL: http://www.mse.ac.in/wp-content/uploads/2016/09/Working-Paper-126.pdf
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    References listed on IDEAS

    as
    1. Raghu, Prabhakaran T. & Das, Sukanya & Ravi, S. Bala & King, E.D. Israel Oliver, 2012. "Use of Contingent Valuation to Assess Farmer Preference for On-farm Conservation of Minor Millets: Case from South India," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 67(3), pages 1-14.
    2. 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.
    3. Basil E. Stumborg & Kenneth A. Baerenklau & Richard C. Bishop, 2001. "Nonpoint Source Pollution and Present Values: A Contingent Valuation Study of Lake Mendota," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(1), pages 120-132.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Pallinkaranai; Contingent valuation; Chennai; bivariate probit regression;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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