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Sustainability 2016, 8(11), 1155; doi:10.3390/su8111155

Metropolitan Residents’ Preferences and Willingness to Pay for a Life Zone Forest for Mitigating Heat Island Effects during Summer Season in Korea

1
Institute of Agriculture and Life Science, Gyeongsang National University, Jinju 52828, Korea
2
Department of Food and Resource Economics, Korea University, Seoul 02841, Korea
3
Department of Forest Environmental Resources (Institute of Agriculture and Life Science), Gyeongsang National University, Jinju 52828, Korea
*
Author to whom correspondence should be addressed.
Academic Editor: Giuseppe Ioppolo
Received: 20 September 2016 / Revised: 25 October 2016 / Accepted: 3 November 2016 / Published: 10 November 2016
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [2687 KB, uploaded 10 November 2016]   |  

Abstract

Coupled with green house effects, the urban heat island is occurring more frequently, and thus is becoming a serious social problem. In order to elicit policy implications, the current study assesses the economic values on the heat island-mitigating functions of urban forest through choice experiments. The analytical results suggest that metropolitan city residents’ utility can be increased by raising the size of life zone forests which is comprised of street trees, parks in residential regions, and small forests in school zones. The derived marginal willingness to pay for the life zone forests suggest that the respondents are willing to pay $56.68–76.59 for every increase of the urban forest by 1 m2. View Full-Text
Keywords: heat island; choice experiment; urban forests; non-market goods; willingness to pay heat island; choice experiment; urban forests; non-market goods; willingness to pay
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Kim, D.-H.; Ahn, B.-I.; Kim, E.-G. Metropolitan Residents’ Preferences and Willingness to Pay for a Life Zone Forest for Mitigating Heat Island Effects during Summer Season in Korea. Sustainability 2016, 8, 1155.

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