Open Access Open Access  Restricted Access Subscription or Fee Access

Willingness to Pay for Preserving Wetland Biodiversity: A Case Study

M. S. Bhatt, Showkat Ahmad Shah, Aijaz Abdullah

Abstract


The present study estimates the economic value of preserving biodiversity of Pongdam Wetland in Himachal Pradesh, a Ramsar Wetland in Western- Himalayas. A Contingent Valuation Method (CVM) was used to estimate Willingness to Pay (WTP) of 208 randomly selected respondents from the vicinities of Pongdam. Using single-bounded dichotomous choice format the mean Willingness to Pay worked out Rs. 75 per year. The mean open-ended WTP was estimated as Rs.368 per year. The results showed that the local people prefer to preserve the wetland biodiversity and are willing to pay for the Joint Management of the Pongdam biodiversity. This in turn can help policy makers to design a right mix of policy instruments and ensure sustainable use of Western Himalaya wetlands.

Keywords


Biodiversity, Wetland, Willingness to pay, CVM, Binary Logistic Regression.

Full Text:

PDF

Refbacks

  • There are currently no refbacks.


Disclaimer/Regarding indexing issue:

We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.