The role of landscape aesthetics in the total economic value of landscape: a case study of Albufera Natural Park

Autor:	Vicente Estruch-Guitart, María Vallés-Planells
Rok vydání:	2015
Předmět:	Bequest Geography Aesthetics business.industry Natural park Total economic value Environmental resource management Landscape assessment Discount cash flow Analytic hierarchy process business Valuation (finance)
Zdroj:	WIT Transactions on Ecology and the Environment.
ISSN:	1743-3541 1746-448X
DOI:	10.2495/eco150201
Popis:	Aesthetic enjoyment can be considered as part of the Total Economic Value (TEV) of landscape. The main purpose of this study is to estimate the relative importance of landscape aesthetics in the full value of Albufera Natural Park (Valencia, Spain). The Analytic Multicriteria Valuation Method (AMUVAM) is applied with the aid of a set of experts that include local and external stakeholders. AMUVAM is a combination of two established techniques: analytic hierarchy process (AHP) and discount cash flow (DCF). According to the experts, existence (EV) and bequest values (BV) are the most important in this landscape, followed by indirect use values (IUV). Aesthetic enjoyment (AE) represents 7% of the TEV in Albufera Natural Park and 24% of the EV in Albufera Natural Park (€176 million). Results reveal distinct patterns in the valuation of TEV and EV. In this way, together with the average, a range of values which shows the different sensitivities of society is provided.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::32c5b340418c261dd9104ec455875a3b https://doi.org/10.2495/eco150201 Zobrazit plný text záznamu