Journal of Forest Economics > Vol 12 > Issue 4

20 years of stated preference valuation of non-timber benefits from Fennoscandian forests: A meta-analysis

Henrik Lindhjem, , henrik.lindhjem@umb.no
 
Suggested Citation
Henrik Lindhjem (2007), "20 years of stated preference valuation of non-timber benefits from Fennoscandian forests: A meta-analysis", Journal of Forest Economics: Vol. 12: No. 4, pp 251-277. http://dx.doi.org/10.1016/j.jfe.2006.09.003

Publication Date: 12 Feb 2007
© 0 2007 Henrik Lindhjem
 
Subjects
 
Keywords
JEL Codes:Q23Q26Q51H41
Non-timber forest benefitsMeta-analysisStated preferencesNorwayFinlandSweden
 

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In this article:
Introduction 
Valuation of NTBs from Fennoscandian forests 
Metadata and hypotheses 
Model and results 
Conclusions 

Abstract

Stated preference (SP) surveys have been conducted to value non-timber benefits (NTBs) from forests in Norway, Sweden and Finland for about 20 years. The paper first reviews the literature and summarises methodological traditions in SP research in the three countries. Second, a meta-regression analysis is conducted explaining systematic variation in Willingness-to-Pay (WTP). Two important conclusions emerge, with relevance for future research: (1) WTP is found to be insensitive to the size of the forest, casting doubt on the use of simplified WTP/area measures for complex environmental goods; and (2) WTP tends to be higher if people are asked as individuals rather than on behalf of their household.

DOI:10.1016/j.jfe.2006.09.003