Willingness to Pay for Conservation of Mangrove Forest

Abstract

The objective of study is to value the benefits of Mangrove Forest Ecosystem Services using the double-bounded Contingent Valuation Method. Using interviews on 256 respondents, we determine the amount that the respondents willing to donate for the mangrove forest conservation program. The results suggest that the respondents' donation is positively correlated to the variables of the conservation program. The study further provided some guidelines to policymakers on managing the fund of the mangrove forest conservation. RO