CONTINGENT VALUATION METHOD IN MEHAO LAKE FOR DRINKING WATER

Registration ID: IJNRD_206008

Published ID: IJNRD2309376

DOI: http://doi.one/10.1729/Journal.36305

Fames Linggi , Rajen Miwu , Riko Mihu

Wetlands, existence use value, surrogate market, contingent valuation method

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.

Published Paper   E-Certificate

Fames Linggi, Rajen Miwu, & Riko Mihu (September-2023). CONTINGENT VALUATION METHOD IN MEHAO LAKE FOR DRINKING WATER. INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT, 8(9), d636-d643. http://doi.one/10.1729/Journal.36305

Volume 8 Issue 9, September-2023

Pages : d636-d643

Paper Reg. ID: IJNRD_206008

Published Paper Id: IJNRD2309376

Downloads: 000121988

Research Area: Social Science and Humanities 

Country: Lohit, Arunachal Pradesh, India

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Crossref DOI: http://doi.one/10.1729/Journal.36305

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