This paper employs a contingent valuation (CV) study to estimate the value of the economic benefits generated by the Akrotiri wetland in Cyprus. It aims to show how CV estimation results can inform efficient, effective and sustainable wetland conservation policies, as required by the European Union's Water Framework Directive, and to suggest economic instruments that can facilitate the implementation of such policies. The results indicate that the design of these instruments require the capturing of both the use and non-use values generated by wetland services and functions.
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Document Type: Research Article
International Food Policy Research Institute, Washington, DC, USA and Department of Land Economy, University of Cambridge, UK
Department of International and European Economic Studies, Athens University of Economics and Business, Athens, Greece
Publication date: January 1, 2008
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