The economic value of informal care: a study of informal caregivers' and patients' willingness to pay and willingness to accept for informal care

Developing understanding of the economic value that communities ascribe to improved operations and maintenance (O&M) services has emerged as a key factor in achieving financial sustainability for rural water systems. The present study elicits household willingness to pay (WTP) for improved O&M services in eight gravity-fed water schemes in Idjwi Island (Democratic Republic of the Congo, DRC). A contingent valuation survey was implemented through an open-ended format questionnaire to 1105 heads of household and a log-linear regression model was employed to assess the factors influencing higher values. Findings show an average willingness to pay of 327 Congolese Francs (CDF) per month and 36 CDF per bucket. Results also indicate a significant WTP differential among studied schemes. The analysis of the conditioning factors reveals that the level of excludability, the participation in management meetings and the time employed in fetching water from an improved source are contingent with their WTP. The findings of this study are important for development agents trying to establish acceptable, affordable and practicable tariffs that help finance reliable rural water systems in Idjwi.

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Willingness to Pay for Maintenance of a Nature Conservation Area: A Case of Mount Wilhelm, Papua New Guinea

Asian Social Science ◽

10.5539/ass.v12n9p149 ◽

2016 ◽

Vol 12 (9) ◽

pp. 149 ◽

Cited By ~ 1

Author(s):

Eugene Ezebilo

Keyword(s):

Willingness To Pay ◽

Papua New Guinea ◽

Land Use Planning ◽

Economic Value ◽

New Guinea ◽

Income Group ◽

High Income Group ◽

Conservation Area ◽

Planning And Design ◽

Logit Regression Model

<p>Ecosystem services that are not traded on markets contribute to human wellbeing however their economic value is not well known and research is required to reveal it. This paper reports on a study of willingness to pay (WTP) for the maintenance of Mount Wilhelm by urban residents and socio-economic factors influencing it. The possibility of developing an ecotourism strategy that could generate benefits for local are discussed. The data were obtained from questionnaire and personal interviews of residents of Kundiawa, which is the capital of Simbu Province, Papua New Guinea. The data were analysed using descriptive statistics and binary logit regression model. The results showed that 92% of the respondents were willing to pay for maintenance of Mount Wilhelm and they would pay an average of 7.4 Papua New Guinea Kina (US$ 2.5) each year. The respondents who belonged to high income group had the highest WTP, followed by those who were willing to give out part of their land for conservation. Approximately 62% of the respondents would pay ≥10 Papua New Guinea Kina (PGK), which is equivalent to the amount charged as access fee to Mount Wilhelm by the locals living around it. The willingness to pay ≥10 PGK was influenced by income, education, importance of forests and willingness to give up land for conservation. The findings will contribute to land use planning and design of nature-based recreation that meets societal demands.</p>

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Hijabista willingness to accept premium pricing: an analytical study of the effect of social and self-identity on hijab fashion brands satisfaction

Journal of Islamic Marketing ◽

10.1108/jima-02-2020-0041 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Alshaimaa Bahgat Alanadoly ◽

Suha Fouad Salem

Keyword(s):

Willingness To Pay ◽

Product Design ◽

Consumer Satisfaction ◽

Willingness To Accept ◽

Fashion Industry ◽

Content Type ◽

Self Identity ◽

Fashion Products ◽

Practical Implications ◽

Brand Satisfaction

Purpose This paper aims to study the predictors influencing hijabista satisfaction towards Hijab fashion brands and their willingness to pay premium pricing as fashion consumers. The effects of product design, product quality, social and self-identity have been studied in relation to product, and brand satisfaction is believed to have led to acceptance of premium pricing. Various factors have been studied and analysed to provide a better understanding of Hijab fashion consumer behaviour. Design/methodology/approach Data were collected by using online structured surveys distributed within the area of Shah Alam City in Malaysia. Convenience sampling was used in defining the 223 target respondents, and the collected data was analysed using Smart-PLS Software. Findings The results highlighted that product design has the largest influence on the willingness of hijabistas in paying premium prices, followed by products that reflect their social-identity while communicating their religious obligations and commitments. Communicating one’s self-identity was also found not to have a significant impact which relates to the importance of the religious and social commitments on hijabista purchasing choices rather than their own self-conceptual image. Practical implications This paper provides insights on the factors that affect hijabista satisfaction towards Hijab fashion products and brands. Conclusions provided are very relevant to the practices of the fashion industry, and in particular, for designers to understand the needs of this large and significant segment of the fashion market. Originality/value Hijab fashion is a growing segment in the fashion industry, and it has been gaining recent global attention. Designers need to be more aware of the requirements of this segment of the fashion market. This research focusses on Hijab consumer satisfaction and how this reflects their willingness to pay premium prices for chosen products and brands. Factors such as product design and quality, along with social and self-identity, were studied in connection with hijabista willingness to accept premium pricing. Such connections and terms have not been covered in previous literature.

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The Economic Values of Utilizing Water Services Way Betung Watershed

Jurnal Sylva Lestari ◽

10.23960/jsl369-17 ◽

2018 ◽

Vol 6 (3) ◽

pp. 9

Author(s):

Hendra Pratama ◽

Slamet Budi Yuwono ◽

Hari Kaskoyo ◽

Samsul Bakri

Keyword(s):

Power Plant ◽

Willingness To Pay ◽

Water Availability ◽

Economic Value ◽

Primary Data ◽

Hydro Power ◽

Total Economic Value ◽

Value Of Water ◽

Forest Rehabilitation ◽

Economic Value Of Water

Way Betung watershed is a source of raw water supply utilized by the Talang Mulya community for various purposes, such as for household needs, irrigation of paddy farming and micro hydro power plant. Water availability is closely related to the existing forest presence in the area, the forest land management should be in balance on be half of maintaing water availability. This study aimed to determine the perception of the community and to analyze the economic value of water for household needs, irrigation of paddy farming and micro hydro power plant. This research also calculated the Willingness to Pay of forest and land rehabilitation costs by community. Primary data collection were conducted by interviewing 106 respondents. The results showed that the community appraisal of water resources in Way Betung watershed were good since 88% of respondents are willing to pay for forest rehabilitation. The total economic value of water utilization in Talang Mulya Village was Rp.2.963.540.390/year and the value of willingness to pay for forest rehabilitation costs was Rp.5.833.608/year with average willingness to pay was Rp.22.948/year. Keywords: watershed , total economic value, the economic value of water, willingness to pay.

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Kajian pengembangan imbal jasa lingkungan di daerah aliran sungai (DAS) Kampar

Jurnal Pengelolaan Lingkungan Berkelanjutan (Journal of Environmental Sustainability Management) ◽

10.36813/jplb.3.3.389-402 ◽

2020 ◽

pp. 389-402

Author(s):

Mohd Yunus ◽

Agus Haryanto

Keyword(s):

Willingness To Pay ◽

Willingness To Accept

Kajian ini bertujuan menjajaki pengembangan imbal jasa lingkungan di daerah aliran sungai (DAS) Kampar. Objek yang dikaji adalah nilai keinginan membayar (Willingness to Pay/WTP) dan nilai keinginan menerima (Willingness to Accept/WTA). Subjek dalam kajian ini adalah pelanggan PLN dan PDAM Tirta Kampar. Nilai WTP pelanggan PLN sebesar Rp895.462.286 per bulan atau sekitar Rp10.745.547.432 per tahun. Sementara nilai WTP pelanggan PDAM sebesar Rp16.919.039 per bulan atau sekitar Rp203.028.472 per tahun. Nilai WTP total adalah sebesar Rp10.948.575.904 per tahun. Nilai WTA responden adalah Rp5.900/pohon/tahun. Nilai WTP pemanfaat air sebesar Rp10.948.575.904 per tahun dapat digunakan untuk kegiatan konservasi secara vegetatif dan sipil teknis.

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Twisting the truth: Foundations of wishful thinking

Theoretical Economics ◽

10.3982/te2744 ◽

2020 ◽

Vol 15 (3) ◽

pp. 989-1022

Author(s):

Matthew Kovach

Keyword(s):

Willingness To Pay ◽

Risk Sharing ◽

Choice Behavior ◽

Exchange Economy ◽

Status Quo ◽

Wishful Thinking ◽

Willingness To Accept ◽

Considerable Evidence ◽

The Status ◽

Future Outcomes

Considerable evidence shows that people have optimistic beliefs about future outcomes. I present an axiomatic model of wishful thinking (WT), in which an endowed alternative, or status quo, influences the agent's beliefs over states and thus induces such optimism. I introduce a behavioral axiom formalizing WT and derive a representation in which the agent overweights states in which the endowment provides a higher payoff. WT is a novel channel through which an endowment may influence choice behavior and provides a coherent explanation for a variety of observed behavior, including choice reversals among nonstatus quo alternatives when the status quo changes. WT leads to inefficient risk sharing in an exchange economy and has unique implications for the gap between willingness to accept and willingness to pay for endowed goods.

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