Given that FB is one of the FES that can be certified according to standards established by the Programme for the Endorsement of Forest Certification (PEFC ITA 1001-SE:2021 v.4) [
15] and the Forest Stewardship Council’s Ecosystem Services Procedure (FSC-PRO-30-006 v.1-1) [
16], the description of FB adopted in this paper adheres to the principles and criteria stipulated for FES certification by both standards. The PEFC standard, like other standards [
17], is recognized at national level, while the FSC standard is recognized internationally. Both the PEFC and FSC standards categorize FB under the specification of recreational FES. Certification establishes the prerequisites for offering such a service. The PEFC principles and criteria were analyzed more specifically in this study, as it aims to investigate not only the behavior of northern Italian residents in general but also the demand for FB in Friuli Venezia Giulia, where PEFC certification is more widespread than FSC certification.
Methodologically, a variety of techniques are available for determining the value of goods whose market prices are either inaccurate indicators of their worth or entirely not-existent [
12]. Economists estimate the value of these goods by analyzing individuals’ observable decisions. For the categories of FES under evaluation, both revealed and stated preference methods are applicable. Revealed preference methods analyze spending on ecosystem-related goods, such as travel costs or property prices in low-pollution areas. In contrast, stated preference methods estimate changes in individuals’ economic well-being based on their preferences due to marginal changes in ecosystem components. For goods traded in markets, the market price indicates the benefit derived from each unit. In both scenarios, people’s choices and trade-offs reflect their willingness to pay (WTP) for ES [
7]. Stated preference methods, including the Contingent Valuation Method (CVM) and Discrete Choice experiments, are theoretically suitable for a broad array of ES goods and are generally the only feasible approach for estimating non-use values. A significant part of research on non-market valuation in FES has concentrated on estimating total economic value using the CVM [
18].
According to its definition, FB combines outdoor activity with mental and physical wellbeing, encapsulated by two distinct ESs: “recreation-related” and “cultural values such as aesthetic, spiritual, and existence values” associated with nature, which are more challenging to quantify in monetary terms [
19]. The literature on the economic analysis of FB is still in its early stages. There are very few studies available, and they mostly focus exclusively on one of the two ESs, rarely analysing them in conjunction. The Ecosystem Services Valuation Database (ESVD) [
20] was explored to select appropriated reference studies and has shown evidence that research conducted so far has addressed only one of the two spheres constituting FB: recreation-related services or cultural values. The literature on recreation-related services is abundant, even when contextualized to the northern Italy area [
21,
22,
23,
24,
25,
26,
27,
28,
29], while that on cultural values is scant. Regarding FES cultural values with focus on visual amenity services, in the literature the following factors have been considered: forest structure (
i.e. tree species, forest structure, wood utilization) [
30], environmental attributes (
i.e. endemic orchid species, animals with scenic attraction, additional protection for endemic amphibians) [
31], landscape contexts (e.g. mountain, hilly/rolling, peri-urban forests) and forest configurations [
32,
33], and the “sense of place” of different habitats [
34]. The research conducted by Mourato et al. [
35] was one of the first to address both recreational and cultural aspects in the provision of natural habitats. They recognized that environmental quality and proximity to natural amenities can enhance mental and physical health by promoting physical exercise in nature and exposure to natural environments. Their study estimated the economic value of human health impacts, both mortality and morbidity, using the WTP approach to avoid physical and mental disease. Similarly, Hermes et al. [
29] indirectly assessed both recreation-related services and visual amenity services by evaluating the value associated with Special Protection Areas. They calculated the travel cost by correlating these results with the aesthetic quality of mapped landscapes in Germany, which represents the recreational ES capacity. Yao et al. [
36] focused on the cultural value associated with rural large old trees. Busk et al. [
37] conducted a comprehensive literature review on the economic evaluation of nature-based therapy interventions. Out of 849 potentially relevant papers, only three were selected for detailed analysis. The first study [
38] employed a cost-benefit approach to assess the net present economic benefits per person resulting from reduced public health and service costs due to nature-based therapy for mental health conditions. The net present economic benefits was reported to range from £830 to 31,510 after one year, and from £6450 to £11,980 after ten years. The second study [
39] evaluated mental well-being following interactions with nature, focusing on the costs associated to supervision. The estimated average costs of resource use within the past month were £95.74 and £67.23 for the care farms group. The third study, a non-peer-reviewed report by CJC Consulting [
40], investigated the effects of various woodland activity (
e.g., health walks and talks, tai chi, conservation activities, rhododendron clearance, bird box construction, bushcraft, fire lighting, and shelter building) on a group of adults with severe and enduring mental health problems. This economic evaluation was classified as a partial cost-utility analysis, which did not include an assessment of benefits.
Only recently and in parallel with the growing interest in FB, has research begun to address its economic valuation. In a 2021 study, Uyan [
41] conducted a survey involving 60 users of the FB facility in Camp John Hay, Philippines. The survey revealed that respondents’ mean WTP value was USD 15. Paletto et al. [
27] investigated the economic value of FB in a case study in northern Italy (specifically, the Parco del Respiro in Trentino-Alto Adige) using the Zonal Travel Cost Method. During the summer of 2022, 243 forest bathers were interviewed. The findings highlighted that an actively managed forest with an average to low amount of deadwood and clean open areas is the preferred scenario by users, whose consumer surplus amounted to EUR 35.80 per visit per person.
To estimate WTP, this study utilized the CVM [
42]. This technique of stated preference constructs a hypothetical market to elicit expected behavior in response to a proposed change and to evaluate respondents’ reactions. A survey was constructed, part of which described the ES of interest to derive the Hicksian monetary measure of welfare, specifically the maximum WTP. The CVM survey followed established requirements: initially presenting the CV scenario, including the intervention’s goals, implementation details, and funding mechanisms, followed by outlining the status quo if the intervention were not implemented. Additionally, respondents were queried about their WTP for the ES in question, specifically whether they would pay to visit the forest for FB purposes. According to Hanemann’s model [
43], respondents assess the difference in utility between paying a fee or increased amount for access versus having full income without access to the forest for FB. If the utility difference favors access, the respondent answers “Yes” and specifies the amount they are willing to pay, following an “Open-ended” CV format. These responses were used to calculate average WTP values, providing a statistical representation of FB’s economic valuation among the sample population. The WTP analysis also considered factors such as the frequency of forest visits, the perceived importance of the forest experience, and demographic characteristics, to understand the determinants of WTP and its variability across different subgroups.
The maximum WTP was estimated following Boyle [
44] formula expressed by the WTP mean. The contribution of different socio-economic attributes (
i.e. age, gender, income, occupation) to WTP was analysed through the multiple regression model equation:
where
is the dependent variable (
i.e. the WTP),
is the vector of unknown parameters,
is the set of independent variables, and
is the random error. Multicollinearity among the independent variables through one-on-one correlation among independent variables and through variance inflation factors (VIF) was checked.