Understanding Fishermen's Willingness and Preferences for Eco-compensation of Lake Conservation Projects: A Case Study From Nansi Lake Nature Reserve, China.

Lake regions face a tradeoff between water environmental conservation and social development. Although lake conservation projects along with eco-compensation policies are considered the solutions to this problem, it is often controversial and unsustainable. Therefore, it is essential to understand the key stakeholders' willingness to participate in lake conservation projects under the different compensation schemes. In this work, we conducted a choice experiment to estimate fishermen's willingness and preference for the returning fishponds to lake (RFTL) project in the Nansi Lake Nature Reserve (NLNR). Socioeconomic, perception and spatial factors are employed to analyze the preference heterogeneity of fishermen. We employed conditional logit, mixed logit and latent class models to estimates the parameters of factor variables considering the heterogeneous preferences and choice randomness across respondents. The results indicate that on average, fishermen are unwilling to change the status quo and are most concerned about the subsidy amount and contract duration in compensation contracts. However, there is obvious spatial heterogeneity in fishermen's choice preference, mainly manifested in their habitation distance to a town and fishpond location in different zones of the NLNR. Specifically, perceptions of supply and demand for water yield and water quality services significantly influence fishermen's choice, but they have opposite effects. Moreover, we estimated marginal willingness to accept (MWTA) of attributes in compensation contract and measured compensating surplus (CS) to compare different eco-compensation policy scenarios. Our results contribute to designing targeted payment policies, and promote the effective implementation of lake conservation projects and regional sustainable development.