Abstract

Aesthetic indicators of landscapes, expressedas individual scenic beauty estimates, may beused as proxies of individuals' specificaesthetic values, and improve the properties ofwelfare estimates produced by contingentvaluation models. This work presents resultsfrom an interdisciplinary study where forestscenic beauty indicators are utilized in aneconomic valuation study approximating welfareestimates from increased forest fireprotection. The omission of scenic beautyindicators from the economic valuation ofenvironmental resources produces biased andoverestimated welfare measures. Combiningeconomic and environmental indicatorssignificantly improves the explanatory power ofeconomic valuation models and of the producedwelfare measures. Such a combination, however,is only possible when carried out byinterdisciplinary research teams. The resultsof such research are significant toenvironmental and natural resource policymakers and planners.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call