In this paper we are interested in estimating the social benefits of the complex defence project of Venice from flooding. The focus is on benefits to visitors to Venice. A specific methodology is needed because the market does not establish the monetary value of this kind of benefit. The data have been obtained by means of a Contingent Valuation Method (CVM) survey by questionnaire. Respondents are asked their Willingness to pay (WTP) for that project per year. The main results show that the majority of respondents are in favour of the project implementation, and are willing to pay for the project. The mean WTP is more than € 4 per year. Determinants of the WTP are being in favour of the project and being a member of an organization for the conservation of cultural goods.

Visitors’ Preferences about the Defence of Venice from High Water

MARZETTI, SILVA;
2009

Abstract

In this paper we are interested in estimating the social benefits of the complex defence project of Venice from flooding. The focus is on benefits to visitors to Venice. A specific methodology is needed because the market does not establish the monetary value of this kind of benefit. The data have been obtained by means of a Contingent Valuation Method (CVM) survey by questionnaire. Respondents are asked their Willingness to pay (WTP) for that project per year. The main results show that the majority of respondents are in favour of the project implementation, and are willing to pay for the project. The mean WTP is more than € 4 per year. Determinants of the WTP are being in favour of the project and being a member of an organization for the conservation of cultural goods.
Coastal Structures 2007: Proceedings of the 5th International Conference
574
585
Marzetti S.; Disegna M.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11585/86577
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