This study attempts to estimate the household’s Willingness to Pay (WTP) for biodiversity conservation in Dachigam National Park, India. The park houses the last viable population of Asiatic Black Bear and the Hangul. To complement our analysis, we propose a robust estimation of willingness to pay through an augmented probit model. The estimates reveal that respondents were willing to pay a significant amount of money in the form of increasing water rates for improvement in the attributes of the park. Mean Willingness to Pay for the improvements in the park’s attributes turned out to be Rs 245.57 ($ 3.32) per year in the form of increasing water rates. The outcome of this research work has a great potential to contribute to the existing scant economic literature in this area of environmental economics. It provides aquantitative analysis that will facilitate the concerned authorities for better planning and management of the park attributes. Moreover, results may be used as an input for comprehensive and rigorous policy-oriented research work in the area.

这项研究试图估计印度达奇加姆国家公园中家庭为保护生物多样性而付出的意愿（WTP）。该公园容纳了亚洲黑熊和韩文的最后一个可行种群。为了补充我们的分析，我们提出了通过增强的概率模型对支付意愿的可靠估计。估算表明，受访者愿意以提高水费的形式支付大量资金，以改善公园的属性。以提高水费率的形式，人们平均愿意为改善公园的属性而付出的代价为每年245.57卢比（3.32美元）。这项研究工作的成果具有巨大的潜力，可以为环境经济学领域中的现有经济学文献做出贡献。它提供了定量分析，将有助于有关当局更好地规划和管理公园属性。此外，结果可以用作该地区全面而严格的，以政策为导向的研究工作的输入。