Valuing wilderness in Iceland: Estimation of WTA and WTP using the market stall approach to contingent valuation

• Published in: Land Use Policy
• Main Authors: Lienhoop, Nele, MacMillan, Douglas C.
• Format: Article in Journal/Newspaper
• Language: unknown
• Published: Elsevier Science 2007
• Subjects: GE Environmental Sciences; Krona; Iceland
• Online Access: https://kar.kent.ac.uk/2859/; https://doi.org/10.1016/j.landusepol.2005.07.001

This study reports an application of the contingent valuation method (CV) to estimate the environmental costs and benefits of hydro-scheme developments in an Icelandic wilderness area. Property rights for wilderness are ambiguous in Icelandic law and society. Preliminary research suggested a general...