An Econometric Analysis of Willingness to Pay for Sustainable Development: A Case Study of the Volčji Potok Landscape Area

Array ( [nid] => 1323 [type] => book [language] => en [uid] => 1 [status] => 1 [created] => 1251300386 [changed] => 1275865323 [comment] => 0 [promote] => 0 [moderate] => 0 [sticky] => 0 [tnid] => 0 [translate] => 0 [vid] => 1323 [revision_uid] => 0 [title] => An Econometric Analysis of Willingness to Pay for Sustainable Development: A Case Study of the Volčji Potok Landscape Area [body] =>

Attachment	Size	Hits	Last download
1493.pdf	639.84 KB	700	1 hour 37 min ago

[log] => [revision_timestamp] => 1275865323 [format] => 1 [name] => admin [picture] => [data] => a:10:{s:13:"form_build_id";s:37:"form-323e194c5308300252f564e5adab3a05";s:8:"new_role";i:0;s:12:"new_role_add";s:1:"3";s:16:"new_role_add_qty";s:0:"";s:24:"new_role_add_granularity";s:3:"day";s:24:"xmlsitemap_user_priority";s:2:"-2";s:8:"file_add";a:0:{}s:5:"block";a:1:{s:5:"block";a:1:{i:4;i:1;}}s:5:"piwik";a:1:{s:16:"piwik_token_auth";s:5:"admin";}s:17:"mimemail_textonly";i:0;} [model] =>

978-92-9079-718-0-en-1323

[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 0 [default_qty] => 1 [unique_hash] => 06baedd9e6feca17ffc0e4ecc5b11aa3 [ordering] => 0 [shippable] => 1 [path] => book/econometric-analysis-willingness-pay-sustainable-development-case-study-volčji-potok-landscape- [field_book_isbn] => Array ( [0] => Array ( [value] => 978-92-9079-718-0 [safe] => 978-92-9079-718-0 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 53 [safe] => 53 [view] => 53 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => Miroslav Verbič and Renata Slabe Erker [safe] => Miroslav Verbič and Renata Slabe Erker ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1493 [safe] => 1493 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 25 [view] => 25 ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2007-05-03T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 03 May 2007 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => [safe] => Array ( ) [view] => ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>

BOOK

[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [tags] => Array ( ) [uc_order_product_id] => [0] => [taxonomy] => Array ( [taxonomy_term_1] => Array ( [title] => Economic Policy [href] => taxonomy/term/1 [attributes] => Array ( [rel] => tag [title] => ) ) [taxonomy_term_92] => Array ( [title] => ENEPRI Working Papers [href] => catalog/92 [attributes] => Array ( [rel] => tag [title] => Produced by the European Network of Economic Policy Research Institutes, which is composed of leading socio-economic research institutes from throughout the EU and managed by CEPS, this series constitutes dissemination to a wider public of research undertaken and already published by ENEPRI partner member institutes. ) ) ) [files] => Array ( [1293] => stdClass Object ( [fid] => 1293 [uid] => 1 [filename] => 1493.pdf [filepath] => files/book/1493.pdf [filemime] => application/pdf [filesize] => 655192 [status] => 1 [timestamp] => 2009-09-14 13:36:20 [nid] => 1323 [vid] => 1323 [description] => 1493.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => [last_name] => [company] => CEPS [phone] => +32 2 2293951 [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 ) [usps] => Array ( [vid] => 1323 [nid] => 1323 [container] => ) [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] => [attributes] => Array ( ) [links] =>

• Print this page

[template_files] => Array ( [0] => node-product [1] => node-book ) [node] => stdClass Object ( [nid] => 1323 [type] => book [language] => en [uid] => 1 [status] => 1 [created] => 1251300386 [changed] => 1275865323 [comment] => 0 [promote] => 0 [moderate] => 0 [sticky] => 0 [tnid] => 0 [translate] => 0 [vid] => 1323 [revision_uid] => 0 [title] => An Econometric Analysis of Willingness to Pay for Sustainable Development: A Case Study of the Volčji Potok Landscape Area [body] =>

Attachment	Size	Hits	Last download
1493.pdf	639.84 KB	700	1 hour 37 min ago

[log] => [revision_timestamp] => 1275865323 [format] => 1 [name] => admin [picture] => [data] => a:10:{s:13:"form_build_id";s:37:"form-323e194c5308300252f564e5adab3a05";s:8:"new_role";i:0;s:12:"new_role_add";s:1:"3";s:16:"new_role_add_qty";s:0:"";s:24:"new_role_add_granularity";s:3:"day";s:24:"xmlsitemap_user_priority";s:2:"-2";s:8:"file_add";a:0:{}s:5:"block";a:1:{s:5:"block";a:1:{i:4;i:1;}}s:5:"piwik";a:1:{s:16:"piwik_token_auth";s:5:"admin";}s:17:"mimemail_textonly";i:0;} [model] =>

978-92-9079-718-0-en-1323

[list_price] => 0.00000 [cost] => 0.00000 [sell_price] => 12.00000 [weight] => 300 [weight_units] => g [length] => 0 [width] => 0 [height] => 0 [length_units] => cm [pkg_qty] => 0 [default_qty] => 1 [unique_hash] => 06baedd9e6feca17ffc0e4ecc5b11aa3 [ordering] => 0 [shippable] => 1 [path] => book/econometric-analysis-willingness-pay-sustainable-development-case-study-volčji-potok-landscape- [field_book_isbn] => Array ( [0] => Array ( [value] => 978-92-9079-718-0 [safe] => 978-92-9079-718-0 ) ) [field_book_number] => Array ( [0] => Array ( [value] => 53 [safe] => 53 [view] => 53 ) ) [field_book_short_title] => Array ( [0] => Array ( [value] => [safe] => [view] => ) ) [field_book_author_external] => Array ( [0] => Array ( [value] => Miroslav Verbič and Renata Slabe Erker [safe] => Miroslav Verbič and Renata Slabe Erker ) ) [field_book_old_path] => Array ( [0] => Array ( [value] => 1493 [safe] => 1493 ) ) [field_book_pages] => Array ( [0] => Array ( [value] => 25 [view] => 25 ) ) [field_book_publication_date] => Array ( [0] => Array ( [value] => 2007-05-03T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [view] => 03 May 2007 ) ) [field_book_author] => Array ( [0] => Array ( [nid] => [safe] => Array ( ) [view] => ) ) [field_image_cache] => Array ( [0] => ) [field_type] => Array ( [0] => Array ( [value] => BOOK [format] => [safe] =>

BOOK

[view] => Printed book ) [1] => Array ( [value] => [format] => [safe] => [view] => ) [2] => Array ( [value] => [format] => [safe] => [view] => ) ) [print_display] => 1 [print_display_comment] => 0 [print_display_urllist] => 1 [signup] => 0 [tags] => Array ( ) [uc_order_product_id] => [0] => [taxonomy] => Array ( [1] => stdClass Object ( [tid] => 1 [vid] => 3 [name] => Economic Policy [description] => [weight] => 2 ) [92] => stdClass Object ( [tid] => 92 [vid] => 4 [name] => ENEPRI Working Papers [description] => Produced by the European Network of Economic Policy Research Institutes, which is composed of leading socio-economic research institutes from throughout the EU and managed by CEPS, this series constitutes dissemination to a wider public of research undertaken and already published by ENEPRI partner member institutes. [weight] => 0 ) ) [files] => Array ( [1293] => stdClass Object ( [fid] => 1293 [uid] => 1 [filename] => 1493.pdf [filepath] => files/book/1493.pdf [filemime] => application/pdf [filesize] => 655192 [status] => 1 [timestamp] => 2009-09-14 13:36:20 [nid] => 1323 [vid] => 1323 [description] => 1493.pdf [list] => 1 [weight] => 0 ) ) [flatrate] => Array ( ) [shipping_type] => small_package [shipping_address] => stdClass Object ( [first_name] => [last_name] => [company] => CEPS [phone] => +32 2 2293951 [street1] => place du Congres 1 [street2] => [city] => Brussels [zone] => 94 [postal_code] => 1000 [country] => 56 ) [usps] => Array ( [vid] => 1323 [nid] => 1323 [container] => ) [weightquote] => Array ( ) [build_mode] => 0 [readmore] => 1 [content] => Array ( [print_links] => Array ( [#weight] => -101 [#suffix] => [#value] => [#prefix] => [#title] => [#description] => [#printed] => 1 ) [display_price] => Array ( [#weight] => -10 [#access] => 1 [#value] =>

€ 12.00

[#title] => [#description] => [#printed] => 1 ) [field_book_short_title] => Array ( [#type_name] => book [#context] => full [#field_name] => field_book_short_title [#post_render] => Array ( [0] => content_field_wrapper_post_render ) [#weight] => -4 [field] => Array ( [#description] => [items] => Array ( [0] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_book_short_title [#weight] => 0 [#theme] => text_formatter_default [#item] => Array ( [value] => [safe] => [#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [#title] => [#description] => [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_book_short_title [#title] => Short title [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#printed] => 1 ) [#title] => [#description] => [#printed] => 1 ) [field_book_author] => Array ( [#type_name] => book [#context] => full [#field_name] => field_book_author [#post_render] => Array ( [0] => content_field_wrapper_post_render ) [#weight] => -3 [field] => Array ( [#description] => [items] => Array ( [0] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_book_author [#weight] => 0 [#theme] => nodereference_formatter_default [#item] => Array ( [nid] => [safe] => Array ( ) [#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [#title] => [#description] => [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_book_author [#title] => CEPS Authors [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#printed] => 1 ) [#title] => [#description] => [#printed] => 1 ) [field_book_publication_date] => Array ( [#type_name] => book [#context] => full [#field_name] => field_book_publication_date [#post_render] => Array ( [0] => content_field_wrapper_post_render ) [#weight] => -1 [field] => Array ( [#description] => [items] => Array ( [0] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_book_publication_date [#weight] => 0 [#theme] => date_formatter_default [#item] => Array ( [value] => 2007-05-03T00:00:00 [timezone] => Europe/Brussels [timezone_db] => Europe/Brussels [date_type] => date [#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => [#children] => 03 May 2007 ) [#title] => [#description] => [#children] => 03 May 2007 [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_book_publication_date [#title] => Date of publication [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#children] => 03 May 2007 [#printed] => 1 ) [#title] => [#description] => [#children] =>

Date of publication: 

03 May 2007

[#printed] => 1 ) [model] => Array ( [#value] =>

SKU: <p>978-92-9079-718-0-en-1323</p>

[#access] => 0 [#weight] => 0 ) [#pre_render] => Array ( [0] => content_alter_extra_weights ) [#content_extra_fields] => Array ( [title] => Array ( [label] => Title [description] => Node module form. [weight] => -5 ) [body_field] => Array ( [label] => Description [description] => Node module form. [weight] => 9 ) [revision_information] => Array ( [label] => Revision information [description] => Node module form. [weight] => 19 ) [author] => Array ( [label] => Authoring information [description] => Node module form. [weight] => 20 ) [options] => Array ( [label] => Publishing options [description] => Node module form. [weight] => 25 ) [comment_settings] => Array ( [label] => Comment settings [description] => Comment module form. [weight] => 20 ) [menu] => Array ( [label] => Menu settings [description] => Menu module form. [weight] => 18 ) [taxonomy] => Array ( [label] => Taxonomy [description] => Taxonomy module form. [weight] => 5 ) [path] => Array ( [label] => Path settings [description] => Path module form. [weight] => 21 ) [attachments] => Array ( [label] => File attachments [description] => Upload module form. [weight] => 6 [view] => files ) [print] => Array ( [label] => Printer, e-mail and PDF versions [description] => Print module form. [weight] => 17 ) [shipping] => Array ( [label] => Shipping [description] => Shipping settings form. [weight] => 8 ) [base] => Array ( [label] => Product information [description] => Product module form. [weight] => 7 ) [body] => Array ( [label] => Description [description] => Node description. (View tab) [weight] => 10 ) ) [field_type] => Array ( [#type_name] => book [#context] => full [#field_name] => field_type [#post_render] => Array ( [0] => content_field_wrapper_post_render ) [#weight] => 2 [field] => Array ( [#description] => [items] => Array ( [0] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 0 [#theme] => text_formatter_default [#item] => Array ( [value] => BOOK [format] => [safe] =>

BOOK

[#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => [#children] => Printed book ) [1] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 1 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 1 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [2] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_type [#weight] => 2 [#theme] => text_formatter_default [#item] => Array ( [value] => [format] => [safe] => [#delta] => 2 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => ) [#title] => [#description] => [#children] => Printed book [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_type [#title] => type [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#children] => Printed book [#printed] => 1 ) [#title] => [#description] => [#children] =>

type: 

Printed book

[#printed] => 1 ) [list_price] => Array ( [#value] =>

List Price: € 0.00

[#access] => 0 [#weight] => 2 ) [cost] => Array ( [#value] =>

Cost: € 0.00

[#access] => [#weight] => 3 ) [field_book_number] => Array ( [#type_name] => book [#context] => full [#field_name] => field_book_number [#post_render] => Array ( [0] => content_field_wrapper_post_render ) [#weight] => 3 [field] => Array ( [#description] => [items] => Array ( [0] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_book_number [#weight] => 0 [#theme] => text_formatter_default [#item] => Array ( [value] => 53 [safe] => 53 [#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => [#children] => 53 ) [#title] => [#description] => [#children] => 53 [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_book_number [#title] => Number [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#children] => 53 [#printed] => 1 ) [#title] => [#description] => [#children] =>

Number: 

53

[#printed] => 1 ) [field_book_pages] => Array ( [#type_name] => book [#context] => full [#field_name] => field_book_pages [#post_render] => Array ( [0] => content_field_wrapper_post_render ) [#weight] => 4 [field] => Array ( [#description] => [items] => Array ( [0] => Array ( [#formatter] => default [#node] => stdClass Object *RECURSION* [#type_name] => book [#field_name] => field_book_pages [#weight] => 0 [#theme] => number_formatter_default [#item] => Array ( [value] => 25 [#delta] => 0 ) [#title] => [#description] => [#theme_used] => 1 [#printed] => 1 [#type] => [#value] => [#prefix] => [#suffix] => [#children] => 25 ) [#title] => [#description] => [#children] => 25 [#printed] => 1 ) [#single] => 1 [#attributes] => Array ( ) [#required] => [#parents] => Array ( ) [#tree] => [#context] => full [#page] => 1 [#field_name] => field_book_pages [#title] => Pages [#access] => 1 [#label_display] => inline [#teaser] => [#node] => stdClass Object *RECURSION* [#type] => content_field [#children] => 25 [#printed] => 1 ) [#title] => [#description] => [#children] =>

Pages: 

25

[#printed] => 1 ) [sell_price] => Array ( [#value] =>

Price: € 12.00

[#access] => 0 [#weight] => 4 ) [weight] => Array ( [#value] =>

Weight: 300 g

[#access] => 0 [#weight] => 5 ) [files] => Array ( [#weight] => 6 [#value] =>

Attachment	Size
1493.pdf	639.84 KB

[#title] => [#description] => [#printed] => 1 ) [dimensions] => Array ( [#value] =>

Dimensions: 0 cm × 0 cm × 0 cm

[#access] => 0 [#weight] => 6 ) [add_to_cart] => Array ( [#weight] => 10 [#access] => 1 [#value] =>

Quantity:

[#title] => [#description] => [#printed] => 1 ) [body] => Array ( [#weight] => 10 [#value] =>

When the market for a certain good is sufficiently competitive, economic activities can be studied through the market-pricing mechanism. Because this is usually not feasible in the case of environmental goods with an embodied natural and cultural heritage, particular methods for economic valuation of such goods have to be applied. This working paper presents the economic valuation of the Landscape Development and Protection Area of Volčji Potok, which is an important Slovenian cultural landscape with internationally recognised characteristics. For this purpose, we have chosen the method of contingent valuation and performed an econometric analysis of stated and true willingness-to-pay for targeted, sustainable development of the area. We have obtained the value of willingness-to-pay and identified its determinants. We have also attempted to control for different biases that arise in such analyses. Finally, we have used the adjusted, average individual value of willingness-to-pay to calculate the aggregate willingness-to-pay.

[#title] => [#description] => [#printed] => 1 ) [#title] => [#description] => [#children] =>

€ 12.00

Date of publication: 

03 May 2007

type: 

Printed book

Number: 

53

Pages: 

25

Attachment	Size
1493.pdf	639.84 KB

Quantity:

When the market for a certain good is sufficiently competitive, economic activities can be studied through the market-pricing mechanism. Because this is usually not feasible in the case of environmental goods with an embodied natural and cultural heritage, particular methods for economic valuation of such goods have to be applied. This working paper presents the economic valuation of the Landscape Development and Protection Area of Volčji Potok, which is an important Slovenian cultural landscape with internationally recognised characteristics. For this purpose, we have chosen the method of contingent valuation and performed an econometric analysis of stated and true willingness-to-pay for targeted, sustainable development of the area. We have obtained the value of willingness-to-pay and identified its determinants. We have also attempted to control for different biases that arise in such analyses. Finally, we have used the adjusted, average individual value of willingness-to-pay to calculate the aggregate willingness-to-pay.

[#printed] => 1 ) [attributes] => Array ( ) [links] => Array ( [print_html] => Array ( [href] => print/1323 [title] => Print this page [attributes] => Array ( [title] => Display a printer-friendly version of this page. [class] => print-page [rel] => nofollow ) [html] => [query] => ) ) ) [teaser] => [page] => 1 [zebra] => odd [id] => 1 [directory] => sites/all/themes/ceps [is_admin] => [is_front] => [logged_in] => [db_is_active] => 1 [user] => stdClass Object ( [uid] => 0 [hostname] => 38.107.191.94 [roles] => Array ( [1] => anonymous user ) [session] => uc_referer_uri|s:29:"http://www.ceps.eu/catalog/89"; [cache] => 0 ) [date] => 26 August 2009 [node_url] => /book/econometric-analysis-willingness-pay-sustainable-development-case-study-vol%C4%8Dji-potok-landscape- [terms] =>

• Economic Policy
• ENEPRI Working Papers

[submitted] => [field_book_short_title_rendered] => [field_book_author_rendered] => [field_book_publication_date_rendered] =>

Date of publication: 

03 May 2007

[field_type_rendered] =>

type: 

Printed book

[field_book_number_rendered] =>

Number: 

53

[field_book_pages_rendered] =>

Pages: 

25

[unpublished] => [classes] => node node-type-book [authors] => By Miroslav Verbič and Renata Slabe Erker )