In this study, recreational value of ShirinSou wetland of Kabodarahang County in Hamadan province was estimated, besides the measure of visitors' willingness-to-pay (WTP) by using contingent valuation method (CVM) and One and One Half Bound model (OOHB) dichotomous choice (DC) questionnaire. The results show that 81 percent of investigated individuals will to pay for recreational usage of mentioned wetland. Estimated WTP is 44671 IRR (US$ 1.68) for each visitors. Total annually recreational value of this wetland is estimated about 809 (million IRR) (or US$ 30348). Furthermore, the variables of proposed bids and visitors' monthly income are statistically significant at 1%; so, these 2 variables are considered as the most important factors affecting visitors' WTP. Also this tow variables have negative and positive effect on WTP, respectively. Age and Level of education are the next effective factors with significance at 10% level. Policy makers when they make decisions on development of wetlands can take these values into consideration in the decision-making process.
