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  • Volume 5, Issue 6

Using a choice experiment to estimate non-use values: the case of Cheimaditida wetland, Greece

E. Birol, K. Karousakis, P. Koundouri
Published December 2005, 5 (6) 125-133;
E. Birol
Department of Land Economy, University of Cambridge, Cambridge CB3 9EP, UK
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K. Karousakis
Department of Economics, University College London, London WC1E 6BT, UK
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P. Koundouri
Department of Economics, Reading University, Reading RG6 6AA, UK
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Abstract

This paper aims to assist policy makers in formulating efficient, effective and sustainable wetland management policies by providing them with the results of a non-market valuation technique using the Cheimaditida wetland in Greece as a case study. A choice experiment is employed to estimate the benefits of the non-use values of the Cheimaditida wetland that accrue to the Greek public. The results indicate that there are positive and significant non-use values of this wetland. These results can aid in the design of socially optimal policies for the sustainable management of the Cheimaditida wetland, with implications for other wetlands in Greece and the rest of Europe.

  • Choice experiment
  • conditional logit model
  • interactions
  • non-use values
  • wetlands
  • © IWA Publishing 2005

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SELECTED ISSUE

Water Science and Technology: Water Supply: 18 (2)
  Volume 5, Issue 6

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Using a choice experiment to estimate non-use values: the case of Cheimaditida wetland, Greece
E. Birol, K. Karousakis, P. Koundouri
Water Science and Technology: Water Supply Dec 2005, 5 (6) 125-133;
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Using a choice experiment to estimate non-use values: the case of Cheimaditida wetland, Greece
E. Birol, K. Karousakis, P. Koundouri
Water Science and Technology: Water Supply Dec 2005, 5 (6) 125-133;

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Keywords

Choice experiment
conditional logit model
interactions
non-use values
wetlands
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