{"id":46713,"date":"2022-06-14T11:31:44","date_gmt":"2022-06-14T11:31:44","guid":{"rendered":"https:\/\/matis.is\/?p=46713"},"modified":"2022-06-14T11:31:46","modified_gmt":"2022-06-14T11:31:46","slug":"willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study","status":"publish","type":"post","link":"https:\/\/matis.is\/en\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/","title":{"rendered":"Willingness to pay for expansion of the whale sanctuary in Faxafl\u00f3i Bay, Iceland: A contingent valuation study"},"content":{"rendered":"<p>Commercial whaling is a divisive issue in Iceland, and often considered to be irreconcilable with whale watching. The coexistence of both activities in Faxafl\u00f3i Bay, adjacent to the capital city of Reykjav\u00edk, has led to the designation of part of the bay as a whale sanctuary, where whaling is banned. The study utilizes the\u00a0<a href=\"https:\/\/www.sciencedirect.com\/topics\/earth-and-planetary-sciences\/contingent-valuation\">contingent valuation<\/a>\u00a0method to elicit the preferences of Icelanders and estimate their\u00a0<a href=\"https:\/\/www.sciencedirect.com\/topics\/earth-and-planetary-sciences\/willingness-to-pay\">willingness to pay<\/a>\u00a0(WTP) to expand the sanctuary to the full extent of Faxafl\u00f3i Bay, with an aim to inform\u00a0<a href=\"https:\/\/www.sciencedirect.com\/topics\/earth-and-planetary-sciences\/marine-spatial-planning\">marine spatial planning<\/a>\u00a0in Iceland. Using the double-bounded dichotomous approach, the mean WTP for expansion of the Faxafl\u00f3i Bay Whale Sanctuary was estimated to be 5082 ISK \/ 42 USD per person (1.32 billion ISK \/ 10.9 million USD when multiplied by the number of taxpayers), and 29.7% of the respondents with clearly defined preferences expressed positive WTP. According to the logit regression model, statistically significant socioeconomic and attitudinal variables included age, gender, level of education, number of persons in a household, and attitudes towards environmental conservation and whaling. Policy implications of non-market valuation of\u00a0<a href=\"https:\/\/www.sciencedirect.com\/topics\/earth-and-planetary-sciences\/aquatic-ecosystem\">marine ES<\/a>\u00a0are discussed, pointing to a need to further assess the multiple marine ES values applying a transdisciplinary approach to inform decision-making.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0964569119303709?via%3Dihub\" target=\"_blank\" rel=\"noreferrer noopener\">Link to article<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Commercial whaling is a divisive issue in Iceland, and often considered to be irreconcilable with whale watching. The coexistence of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"template-greinar.php","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2011],"tags":[2070,2080],"class_list":["post-46713","post","type-post","status-publish","format-standard","hentry","category-greinar","tag-ecosystem-services","tag-whale-sanctuary"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Willingness to pay for expansion of the whale sanctuary in Faxafl\u00f3i Bay, Iceland: A contingent valuation study - Mat\u00eds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/matis.is\/en\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Willingness to pay for expansion of the whale sanctuary in Faxafl\u00f3i Bay, Iceland: A contingent valuation study - Mat\u00eds\" \/>\n<meta property=\"og:description\" content=\"Commercial whaling is a divisive issue in Iceland, and often considered to be irreconcilable with whale watching. The coexistence of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/matis.is\/en\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/\" \/>\n<meta property=\"og:site_name\" content=\"Mat\u00eds\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/matisiceland\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-14T11:31:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-14T11:31:46+00:00\" \/>\n<meta name=\"author\" content=\"hilduryr@matis.is\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@matisiceland\" \/>\n<meta name=\"twitter:site\" content=\"@matisiceland\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"hilduryr@matis.is\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/matis.is\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/matis.is\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/\"},\"author\":{\"name\":\"hilduryr@matis.is\",\"@id\":\"https:\/\/matis.is\/#\/schema\/person\/faae87f165f723ee4cb619d6bc8a9203\"},\"headline\":\"Willingness to pay for expansion of the whale sanctuary in Faxafl\u00f3i Bay, Iceland: A contingent valuation study\",\"datePublished\":\"2022-06-14T11:31:44+00:00\",\"dateModified\":\"2022-06-14T11:31:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/matis.is\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/\"},\"wordCount\":222,\"publisher\":{\"@id\":\"https:\/\/matis.is\/#organization\"},\"keywords\":[\"Ecosystem services\",\"Whale sanctuary\"],\"articleSection\":[\"Greinar\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/matis.is\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/\",\"url\":\"https:\/\/matis.is\/greinar\/willingness-to-pay-for-expansion-of-the-whale-sanctuary-in-faxafloi-bay-iceland-a-contingent-valuation-study\/\",\"name\":\"Willingness to pay for expansion of the whale sanctuary in Faxafl\u00f3i Bay, Iceland: A contingent valuation study - 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