Article ID: | iaor20122953 |
Volume: | 17 |
Issue: | 4 |
Start Page Number: | 19 |
End Page Number: | 24 |
Publication Date: | Apr 2012 |
Journal: | Forest Policy and Economics |
Authors: | Bebi Peter, Olschewski Roland, Teich Michaela, Wissen Hayek Ulrike, Grt-Regamey Adrienne |
Keywords: | ecology, economics, risk |
Forests provide a variety of ecosystem goods and services to society, which often have the typical characteristics of a public good: non‐excludability and non‐rivalry. One of these services is avalanche protection of forests. A monetary valuation of this service would be helpful to provide efficient and effective protection to the local population. We present the results of a case study from the Swiss Alps, where we determined the willingness to pay for avalanche protection based on a choice experiment combined with virtual reality visualizations. Furthermore, we compare these results with the costs of alternative technical measures for natural hazard mitigation as well as with the results of a risk‐based evaluation. We conclude that the willingness to pay for avalanche protection of forests is about the same range as the collective risk related to a 300‐years avalanche event and within a range similar to the per‐household costs of alternative measures. However, willingness to pay is substantially higher than the costs of silvicultural measures to maintain protection forest.