scholarly journals Invasive Species and Delaying the Inevitable: Results from a Pilot Valuation Experiment

2007 ◽  
Vol 39 (s1) ◽  
pp. 83-95 ◽  
Author(s):  
Christopher R. Mcintosh ◽  
Jason F. Shogren ◽  
David C. Finnoff
Keyword(s):  
Economic Theory ◽  
Invasive Species ◽  
Willingness To Pay ◽  
Stated Preference ◽  
Economic Value ◽  
Analytical Framework ◽  
Aquatic Invasive Species ◽  
Environmental Damage ◽  
Stated Preference Survey

Herein we explore the economic value of delaying inevitable environmental damage due to aquatic invasive species, which is a problem especially relevant to tropic and subtropical regions. We developed an analytical framework and tested it using a stated preference survey. The results suggest that delaying the impacts can be valuable. Other tests reveal characteristics of the willingness-to-pay estimates that are consistent with economic theory.

scholarly journals Willingness to Pay for Shrimp with Homegrown by Heroes, Community-Supported Fishery, Best Aquaculture Practices, or Local Attributes

2019 ◽  
Vol 51 (04) ◽  
pp. 606-621 ◽  
Author(s):  
Graham Soley ◽  
Wuyang Hu ◽  
Michael Vassalos
Keyword(s):  
South Carolina ◽  
Willingness To Pay ◽  
Stated Preference ◽  
Consumer Preference ◽  
Strong Preference ◽  
Policy Recommendations ◽  
Stated Preference Survey ◽  
Food Market

AbstractWith the seafood food market endowed with various attributes, consumers may prefer certain certifications over others. By surveying a diverse sample of respondents, this study examines consumer preference for farm-raised shrimp in Kentucky and South Carolina. Respondents’ assessment of certain seafood labels is evaluated using a stated preference survey. Willingness-to-pay (WTP) estimates and various product profiles are generated. Consistent with previous studies, a strong preference for fresh and “local” was found. Furthermore, Homegrown by Heroes was highly valued among participants, as well as Best Aquaculture Practices. Based on WTP estimates for these attributes, marketing and policy recommendations are discussed.

scholarly journals Benefit-Cost Analysis with Local Residents’ Stated Preference Information: A Study of Non-Motorized Transport Investments in Pune, India

2011 ◽  
Vol 2 (3) ◽  
pp. 1-37 ◽  
Author(s):  
Hua Wang ◽  
Ke Fang ◽  
Yuyan Shi
Keyword(s):  
Willingness To Pay ◽  
Stated Preference ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Development Project ◽  
Benefit Cost Analysis ◽  
Local Residents ◽  
The Government ◽  
Benefit Cost ◽  
Motorized Transport

One of the major difficulties in doing benefit-cost analyses of a development project is to estimate a total economic value of the project benefits, which are usually multi-dimensional and include goods and services that are not traded in the market, and challenges also arise in aggregating the values of different benefits, which may not be mutually exclusive. This paper presents an analysis of a non-motorized transport project in Pune, India, which uses the contingent valuation method to estimate the total value of the project benefits across beneficiaries. A sample of the project beneficiaries are presented with a detailed description of the project and then are asked to vote on whether such a project should be undertaken given different specifications of costs to their households. A function of willingness-to-pay for the project is then derived from the survey answers and the key determinants are found to include household income, distance to the project streets, current use of the transportation modes, future use of the project streets, predicted impacts of the project, and level of trust in the government. The total willingness-to-pay of the local residents is found to be smaller than the total cost of an initial design of the project. Heteroskedasticity is also found to present in the willingness-to-pay models.

Willingness to Pay for Wine Bullshit: Some New Estimates

2021 ◽  
pp. 1-23
Author(s):  
Kevin W. Capehart
Keyword(s):  
Willingness To Pay ◽  
Subjective Experience ◽  
Stated Preference ◽  
Hedonic Regression ◽  
Stated Preference Survey ◽  
The Third ◽  
Classic Article ◽  
Marginal Willingness To Pay ◽  
Matching Estimator ◽  
Jel Classifications

Abstract As part of a classic article in this journal, Richard Quandt identified 123 wine descriptors that he deemed to be bullshit. In this paper, I examine whether wine consumers are willing to pay any more (or less) for wine if it is described by one of those “bullshit” descriptors. I use three methods to examine that. The first method involves applying a hedonic regression to a dataset of prices and expert descriptions for about 50,000 wines. The second method involves applying a matching estimator to the same dataset. The third method involves a stated-preference survey of about 500 wine consumers. The three methods suggest that for most of the descriptors Quandt deemed to be bullshit, most consumers’ marginal willingness to pay for a descriptor is zero or near-zero. Yet, for some of the descriptors, some consumers do seem to have a non-zero marginal willingness to pay, perhaps because the descriptors shape a consumer's subjective experience or because they signal objective aspects of wine. (JEL Classifications: D12, D83, L66)

Economic Value of Reducing Exposure to Environmental Health Risks

2020 ◽  
Author(s):  
W. Kip Viscusi ◽  
Rachel Dalafave
Keyword(s):  
Willingness To Pay ◽  
Environmental Health ◽  
Risk Reduction ◽  
Health Risks ◽  
Stated Preference ◽  
Economic Value ◽  
Revealed Preference ◽  
Personal Characteristics ◽  
The United States ◽  
Environmental Health Risks

Valuing the benefit of reduced exposures to environmental health risks requires assessment of the willingness to pay for the risk reduction. Usual measures typically estimate individual local rates of substitution between money and the reduced probability of the adverse health impact. Benefit-cost analyses then aggregate individuals’ willingness to pay to calculate society’s willingness to pay for the health risk reduction benefit. The theoretical basis for this approach is well established and is similar for mortality risks and health outcomes involving morbidity effects. Researchers have used both stated preference methods and revealed preference data that draw on values implicit in economic decisions. Continuing controversies with respect to valuation of environmental health impacts include the treatment of behavioral anomalies, such as the gap between willingness-to-pay and willingness-to-accept values, and the degree to which heterogeneity in values because of personal characteristics such as income and age should influence benefit values. A considerable literature exists on the value of a statistical life (VSL), the local tradeoff between fatality risk and money, which is used to value mortality risk reductions. Many VSL estimates use data from the United States for regulatory analyses of environmental policies, but several other countries have distinct valuation practices. There are empirical estimates of the benefits associated with reducing the risks of many environmental health effects, including cancer, respiratory diseases, gastrointestinal illnesses, and other health consequences that have morbidity effects.

scholarly journals Recreationist willingness to pay for aquatic invasive species management

PLoS ONE ◽  
2021 ◽  
Vol 16 (4) ◽  
pp. e0246860
Author(s):  
Lucia R. Levers ◽  
Amit K. Pradhananga
Keyword(s):  
Invasive Species ◽  
Willingness To Pay ◽  
Perceived Risk ◽  
Dreissena Polymorpha ◽  
Lake Management ◽  
Aquatic Invasive Species ◽  
Invasive Species Management ◽  
Species Management ◽  
Local Species ◽  
Study Sites

We estimated willingness to pay for local aquatic invasive species lake management in the form of a daily lake access fee by conducting summer lake surveys in Minnesota, USA. Similar pairs of lakes with differing infestations of zebra mussels, Dreissena polymorpha, and starry stonewort, Nitellopsis obtuse, were used as study sites to infer how being at an infested lake vs. being at an uninfested lake and different local species would impact responses. We also examined recreationists’ visit motivation, and aquatic invasive species perceived risk, knowledge, and awareness of problem. We estimated mean willingness to pay about nine to ten dollars per day, which did not differ significantly by lake. Additionally, perceived risk, awareness of problem, and visit motivation were significant in predicting willingness to pay, which could have important ramifications for aquatic invasive species management.

Emissions Responsibility and Relative Importance of the Productive Sectors in Turkey: 2002-2011

2014 ◽  
Author(s):  
Celal Taşdoğan ◽  
Bilgen Taşdoğan
Keyword(s):  
Air Pollutants ◽  
Economic Value ◽  
Value Added ◽  
High Growth ◽  
Air Pollutant ◽  
Sustainable Growth ◽  
Environmental Damage ◽  
Relative Importance ◽  
Input Output ◽  
Key Sectors

Turkey has realized high growth rates during the period of 2002-2011, except in 2008 and 2009 years. It is thought that the rapidly growing in the country may cause a lot of environmental damage, especially air pollution problems. In other words, the productive sectors have produced two outputs which are economic value added and air pollutants. This study used input output matrixes are to find out the strategically important sectors as it is known key sectors and weak sectors caused the environmental effects in the country. For this purpose, it has been tried to investigate air pollutant quantities which caused by the production process of the sectors in the period of 2002-2011 and performed the input-output tables for Turkey constructed in the World Input Output Database (WIOD) Project. These input-output tables include the emission satellite accounts, which are CO2 emissions and other air pollutants, respectively N2O, CH4, N2O, NOx, SOx, CO, NMVOC and NH3, disaggregated for the 34 sectors. It is expected that the outcomes of the study may contribute to sustainable growth debates and environmental policy implementations in Turkey.

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