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      Economic Value Estimation of the Natural Heritage of the Tatra National Park

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          Abstract

          The aim of the study is to determine the economic value of the Tatra National Park. The willingness to pay approximation was used. Additionally, a questionnaire survey was applied in order to collect data. It contained a hypothetical event, and respondents expressed their willingness to pay an annual entry fee to the Tatra National Park in exchange for a guarantee of stopping the interference to its integrity. The total number of respondents was 921. The results show that the income level has a positive impact on respondents’ willingness to pay for entry to the Tatra National Park. With the increase of fee, the willingness to pay for entry to the Tatra National Park decreased by 2.2% for every additional price increase. The resulting value of the Tatra National Park, with the limits of the presented research mentioned in the paper, is approximately 17.5 million €.

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          Most cited references 22

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          Using Donation Mechanisms to Value Nonuse Benefits from Public Goods

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            Non-users' Willingness to Pay for a National Park: An Application and Critique of the Contingent Valuation Method

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              Applying contingent valuation in China to measure the total economic value of restoring ecosystem services in Ejina region

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                Author and article information

                Journal
                Int J Environ Res Public Health
                Int J Environ Res Public Health
                ijerph
                International Journal of Environmental Research and Public Health
                MDPI
                1661-7827
                1660-4601
                27 April 2020
                May 2020
                : 17
                : 9
                Affiliations
                [1 ]Department of Regional Sciences and Management, Faculty of Economics, Technical University in Košice, 040 01 Košice, Slovak Republic, matus.kubak@ 123456tuke.sk
                [2 ]Center for Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlín, 760 01 Zlín, Czech Republic
                [3 ]Faculty of Economics, Technical University in Košice, 040 01 Košice, Slovak Republic, legutka.klaudia@ 123456gmail.com
                Author notes
                [* ]Correspondence: gavurova@ 123456utb.cz ; Tel.: +421-944-420-654
                Article
                ijerph-17-03032
                10.3390/ijerph17093032
                7246628
                32349278
                © 2020 by the authors.

                Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license ( http://creativecommons.org/licenses/by/4.0/).

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