| altwater marshes in the Bay of Fundy act as greenhouse gases sinks and reservoirs by fixing atmospheric carbon dioxide and storing it in carbon rich deposits. There are approximately 3,131.5 hectares of saltwater marsh in the Bay of Fundy, of which 958 ha are currently owned by the government or conservation organizations and 2,173.5 ha are owned by private landowners. A multiple bounded discrete choice contingent valuation survey was conducted to estimate landowners' willingness to accept compensation for selling their saltwater marshes to a conservation program. A multiple bounded model developed by Gregory Poe and Michael Welsh (1995) was used to analyze the responses. Mean willingness to accept compensation for one hectare of saltwater marsh was estimated to be... |
