In this study, residents' willingness-to-pay (WTP) for preservation of Valasht lake of Chalous city is estimated by using one-and-one-half-bound dichotomous choice contingent valuation method. WTP was measured by using logit model and Maximum Likelihood (ML) parameters estimation method. The results show that 67 percent of the housholds willingness to pay for preservation of Valasht lake. The a...
