Valuing grassland restoration: Proximity to substitutes and trade-offs among conservation attributes

Sahan T.M. Dissanayake, Amy W. Ando

Research output: Contribution to journalArticlepeer-review

Abstract

We demonstrate how choice experiment survey methods can be used to guide ecosystem restoration efforts. We use a choice experiment survey to estimate willingness to pay (WTP) for different attributes of restored grassland ecosystems. We find that the presence of nearby grasslands increases a respondent's WTP and that species richness, population density, and the presence of endangered species are all significant factors that contribute to the respondent's WTP. This implies that all these conservation success measures should be taken into account in planning and in research. To our knowledge this is the first study to calculate the WTP for grasslands.

Original languageEnglish (US)
Pages (from-to)237-259
Number of pages23
JournalLand Economics
Volume90
Issue number2
DOIs
StatePublished - May 2014

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Economics and Econometrics

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