Pricing ecological services: Willingness to pay for drought mitigation from watershed protection in eastern Indonesia

Published

Journal Article

In this study we estimate local economic values of ecological services provided by protected forest watersheds in Ruteng Park in eastern Indonesia. Our use of contingent valuation (CV) methodology for pricing drought mitigation benefits to local farmers extends previous work by deriving measures of willingness to pay in terms of incremental agricultural profits. On the basis of the theoretical and content validity of estimated models we find that CV can be used to value complex ecological services in a rural developing country setting. The estimated parameters provide policy and management information regarding the economic magnitude and spatial distribution of the value of drought mitigation.

Full Text

Duke Authors

Cited Authors

  • Pattanayak, SK; Kramer, RA

Published Date

  • June 23, 2001

Published In

Volume / Issue

  • 37 / 3

Start / End Page

  • 771 - 778

International Standard Serial Number (ISSN)

  • 0043-1397

Digital Object Identifier (DOI)

  • 10.1029/2000WR900320

Citation Source

  • Scopus