INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
The total economic value of wetlands can be disintegrated into four components namely direct use value, indirect use value, option use value and existence use value. The goods and services which are used for the final consumption or for marketable purposes fulfill the direct use. Many ecological functions of the wetlands like carbon sequestration, breeding ground for many waterfowl and migratory birds, or all those functions which cannot be measured in market prices are the indirect use value. When we are keeping or preserving the resources for the future use is option use value and we are getting benefit or satisfaction by merely knowing its existence is its existence use value. The ecological and some of the economics functions of the wetlands does not have market prices. Hence, to capture its economic value, surrogate market is established which is contingent valuation method. In the present study, an attempt has been made to capture the economic value of Mehao wetland by using contingent valuation method.
Keywords:
Wetlands, existence use value, surrogate market, contingent valuation method
Cite Article:
"CONTINGENT VALUATION METHOD IN MEHAO LAKE FOR DRINKING WATER", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 9, page no.d636-d643, September-2023, Available :http://www.ijnrd.org/papers/IJNRD2309376.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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