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Environment as Cultural Heritage: The Armenian Diaspora’s Willingness to Pay to Protect Armenia’s Lake Sevan

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Type: Working Paper
Author: Laplante, Benoît; Meisner, Craig; Wang, Hua
Date: 2005
Agency:
Series: World Bank Policy Research Working Paper, no. 3520
URI: https://hdl.handle.net/10535/6437
Sector: Social Organization
Water Resource & Irrigation
Region: Former Soviet Union
Subject(s): willingness to pay
Abstract: "Laplante, Meisner, and Wang present a study of willingness-to-pay of the Armenian Diaspora in the United States to protect Armenia's Lake Sevan, a unique and precious symbol of the Armenian cultural heritage. Dichotomous choice contingent valuation questions were asked in mail surveys to elicit respondents' willingness to pay for the protection of Lake Sevan. The results show that on average, each household of the Armenian Diaspora in the United States would be willing to provide a one-time donation of approximately US$80 to prevent a further degradation of Lake Sevan, and approximately US$280 to restore the quality of the lake by increasing its water level by three meters."

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