AnalysisMeasurement of Bequest Value Using a Non-monetary Payment in a Choice Experiment-The Case of Improving Forest Ecosystem Services for the Benefit of Local Communities in Rural Kenya

This paper adds to the limited literature on the bequest value of environmental resources. A choice experiment (CE) was carried out in order to estimate the economic value of changes in ecosystem services that impact on the welfare of rural communities in the vicinity of a rainforest in Kenya. Our results demonstrate that, in addition to valuing immediate benefits, respondents were willing to pay 1750Kshs for the use of forest resources by posterity. The results also establish that the chosen non-monetary payment vehicle was not evaluated differently to a standard cash payment.