Determination of Willingness to Pay for Entrance fee to National Park: An Empirical Investigation

摘要

This paper examine the determinants of willingness to pay (WTP) of Bhitarakanlka National Park (BNP), Odisha In India. Primary data has been collected from the visitors through survey method. We used multiple regresshn model to determine the WTP for entrance fee at BNP. The estimated results concluded that, Income, age, day spent, marital status and travel cost have positively significant relationship with WTP whereas, gender Is negatively affecting to WTP. From the polksy perspective, we are suggesting to raise the entrance fee from Rs.20 to Rs. 40 which can raise the park revenue of BNP.