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Contingent valuation, conjoint experiment elicitation and behavioural economic valuation of Koothapar big tank wetland
Description: P 163-168Subject(s): In: Current ScienceSummary: In recent decades, wetlands have deteriorated due to biotic and abiotic threats. Hence, ecosystem service valuation is sine quo non for its conservation. This was estimated through novel environmental impact assessment methodologies of contingent valuation, conjoint experiment elicitation and behavioural economic valuation of Koothapar big tank wetland, Tamil Nadu, in the Indian context. The estimated economic value of non-use value through contingent valuation was Rs 81.95 lakhs per annum. The estimated total economic value for biodiversity conservation through conjoint experiment was Rs 85.50 lakhs per annum. The inclusion of behavioural economics in the study showed that its willingness to pay value was higher than the stated preference approach by 30.52%.| Item type | Current library | Call number | Vol info | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal Article | SNDT Juhu | Available | JP667.4 | |||
| Periodicals | SNDT Juhu | P 505/CS (Browse shelf(Opens below)) | Vol. 128, No. 2 (16/01/2025) | Available | JP667 |
In recent decades, wetlands have deteriorated due to biotic and abiotic threats. Hence, ecosystem service valuation is sine quo non for its conservation. This was
estimated through novel environmental impact assessment methodologies of contingent valuation, conjoint
experiment elicitation and behavioural economic valuation of Koothapar big tank wetland, Tamil Nadu, in
the Indian context. The estimated economic value of
non-use value through contingent valuation was Rs
81.95 lakhs per annum. The estimated total economic
value for biodiversity conservation through conjoint
experiment was Rs 85.50 lakhs per annum. The inclusion
of behavioural economics in the study showed that its
willingness to pay value was higher than the stated
preference approach by 30.52%.
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