Determination of willingness to pay for entrance fee to national park: An empirical investigation

Bal, D P and Mohanty, S (2014) Determination of willingness to pay for entrance fee to national park: An empirical investigation. International Journal of Ecological Economics and Statistics, 35 (4). pp. 66-73. ISSN 0973-1385

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Abstract

This paper examine the determinants of willingness to pay (WTP) of Bhitarakanika National Park (BNP), Odisha in India. Primary data has been collected from the visitors through survey method. We used multiple regression model to determine the WTP for entrance fee at BNP. The estimated results concluded that, income, age, day spent, marital status and travel cost have positively significant relationship with WTP whereas, gender is negatively affecting to WTP. From the policy perspective, we are suggesting to raise the entrance fee from Rs.20 to Rs. 40 which can raise the park revenue of BNP.

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IITH Creators:
IITH CreatorsORCiD
Item Type: Article
Uncontrolled Keywords: Multiple regression; Survey method; Travel cost; Willingness to pay
Subjects: Social sciences > Asian Studies
Social sciences > Business Finance
Divisions: Department of Liberal Arts
Depositing User: Team Library
Date Deposited: 12 Oct 2015 10:58
Last Modified: 16 Oct 2015 04:24
URI: http://raiithold.iith.ac.in/id/eprint/1974
Publisher URL:
OA policy: http://www.sherpa.ac.uk/romeo/issn/0973-1385/
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