Households' willingness to pay for the rehabilitation of wetlands: evidence from Gudera Wetland, Northwest Ethiopia.

ABSTRACT: Gudera wetland is accredited as a home for innumerable goods and services that have economic value for individuals living around and outside them. However, due to the absence of rehabilitation intervention, the wetland is at the edge of collapse at this time. This paper aims to: (1) estimate households' mean willingness to pay (WTP) for the rehabilitation of the wetland, (2) investigate determinants that affect the probability and intensity of WTP, and (3) estimate aggregated welfare gains from the intervention. To address these objectives, data from 237 household heads were collected using a two-stage random sampling procedure. For the analysis, econometric models, such as bivariate probit and double hurdle, were employed to estimate the mean WTP and determinants of WTP, respectively. The

SUBMITTER: Asmare E 

PROVIDER: S-EPMC8803591 | biostudies-literature | 2022 Jan

REPOSITORIES: biostudies-literature