Estimating the wetland rental fee: a case study involving a Taiwan wetland

Abstract

Wetlands provide many functions that are both economic and recreational and are valuable in terms of their ecological diversity, while at the same time being nonmarket value products. The purpose of this study is to estimate the optimal wetland rental through estimations of both the demand and supply functions in relation to wetland. The wetland supply function is directly estimated based on the data provided by the owners of the wetland, while the estimation of the wetland input demand function involves using the bootstrapping and contingent visitation approaches. Such estimation approaches could also be applied to other nonmarket value products that give rise to environmental externalities. The estimation of rental fee could provide a long-term leasing contract that gives the landlord with a particular rent to lease their lands to support a wetland eco-tourism park to maintain wetland for substantial management. Several environmental management policy implications are also addressed

Farming Efficiency and the Survival of Valuable Agro-Ecosystems: A Case Study of Rice Farming in European Mediterranean Wetlands

“… Fuwa and Sajise [5] review the empirical literature about the measurement of environmental externalities of rice fields. A recent paper on this issue is that by Tseng and Chen[17].…”