Open Access Open Access  Restricted Access Subscription or Fee Access

Determination of Willingness to Pay for Entrance fee to National Park: An Empirical Investigation

Debi Prasad Bal, Seba Mohanty

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.

Keywords


Willingness to pay, Survey method, Multiple Regression, and Travel cost

Full Text:

PDF


Disclaimer/Regarding indexing issue:

We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.