<p>This study focuses on valuation of natural resources and particularly valuation of the quality of a natural resource. The aim is to value an improvement of water quality, measured as sight depth, in the bay Himmerfjärden in the Stockholm archipelago. It is desirable to attain a value of a one metre sight depth improvement in Himmerfjärden and to analyse how a sight depth improvement affects the demand for travelling to Himmerfjärden. A condtional logit model is applied to obtain these values from survey data. The benefits of a one metre sight depth improvement in Himmerfjärden, will yield 162 260-1 599 420 SEK per year, adjusted to the price level of 2007. The estimated value depends on how travel time is treated and whether a commute variable is included or not. Furthermore will a one per cent sight depth improvement in Himmerfjärden increase the demand for travelling to Himmerfjärden with approximately 0.13-0.18 trips on a given choice occasion. These results indicate that there are values attained to the quality of a natural resource.</p>
| Identifer | oai:union.ndltd.org:UPSALLA/oai:DiVA.org:uu-9225 |
| Date | January 2008 |
| Creators | Kinell, Gerda |
| Publisher | Uppsala University, Department of Economics, Uppsala : Nationalekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, text |
Page generated in 0.0026 seconds