scholarly journals Estimation of Willingness to Pay for Development and Preservation of Liwa Botanical Garden Indonesia

2020 ◽  
Vol 4 (2) ◽  
pp. 118-128
Author(s):  
Sundari Anda Arista ◽  
Endah Saptutyningsih
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Sampling Method ◽  
Contingent Valuation Method ◽  
Botanical Garden ◽  
Primary Data ◽  
Dichotomous Choice ◽  
Valuation Method ◽  
Factors Influencing ◽  
The Subject

This research aims to find out how big the willingness of Kebun Raya Liwa visitors to pay for the ticket and to find the factors influencing that willingness. Visitors of Kebun Raya Liwa who are 20 years old or above are the subject of this report. This study uses primary data and uses a purposive sampling method to interview the subject with 304 people. The instrument used for the analysis is the Contingent Valuation Method (CVM). Each person is Rp 6.500 according to the average results of willingness to pay using Dichotomous Choice. Results of the analysis show that variables in age, education and income positively affect the willingness to pay. The perception of the visitors negatively affects the willingness to pay. While distance and frequency of visits do not affect the payment will.

scholarly journals A Study on the Value of Preserving a Parasitic Volcanic Sieve as a Tourism Good for Sustainable Management: Using the Contingent Valuation Method

2020 ◽  
Vol 12 (7) ◽  
pp. 2825
Author(s):  
Won Seok Lee
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Causal Relationship ◽  
Sustainable Management ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Dichotomous Choice ◽  
Valuation Method ◽  
Good For

The purpose of this study is to estimate the economic value of Geomun Oreum (GO), a parasitic volcanic sieve, for sustainable management by using the dichotomous choice contingent valuation method. To address the exaggeration tendency of willingness to pay (WTP), the contingent valuation method’s (CVM’s) traditional threshold, respondents’ WTP answers were reconfirmed to screen only true responses for our analysis. In addition to estimating the economic value, the causal relationship between the tour guide’s quality of explanation and the respondents’ payment intention is examined in the study. The results reveal that the estimated preservation value of GO is 35,881 KRW (33.28 USD), and the quality of the tour guide’s narrative is statistically related to the respondents’ payment intention.

scholarly journals Consumer Willingness to Pay of Organic Rice and The Factors which Affected in Pontianak

2017 ◽  
Vol 1 (3) ◽  
pp. 130 ◽  
Author(s):  
Heru Setiyadi ◽  
Slamet Hartono ◽  
Dwidjono Hadi Darwanto
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Marital Status ◽  
Life Style ◽  
Contingent Valuation Method ◽  
Primary Data ◽  
Organic Rice ◽  
Valuation Method ◽  
Rice Price ◽  
Alternative Choice

Organic rice is claimed as one of staples food alternative choice. Consuming organic rice is not only about fulfilling the quality needs but also a part of life style. Organic rice is also available in many modern retails in Pontianak so that it is affordable enough to be consumed by Pontianak’s residents. The aims of study were to analyze Willingness To Pay (WTP) of consumers with Contingent Valuation Method (CVM) and find factors affected consumers WTP value of organic rice . Primary data were collected during March to April 2016 and analyzed by multiple regression. The samples of Pontianak’s residents were used as respondents. The result showed that willingness to pay rate of organic rice in Pontianak was low. The age, price of organic rice, ergonomic packaging, respondent expenditure in month, and non-organic rice price affected WTP  with marked positive, while marital status factor had negative marked.

scholarly journals The Provision Point Mechanism and Scenario Rejection in Contingent Valuation

2009 ◽  
Vol 38 (2) ◽  
pp. 271-280 ◽  
Author(s):  
Peter A. Groothuis ◽  
John C. Whitehead
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Free Riding ◽  
Dichotomous Choice ◽  
Economic Experiments ◽  
Valuation Method ◽  
Provision Point

The provision point mechanism mitigates free-riding behavior in economic experiments. In two contingent valuation method surveys, we implement the provision point design. We ask respondents for their perceptions about the success of the provision point mechanism. We find that respondents who believe that the provision point would not be met are more likely to saynoto a contingent valuation dichotomous choice question. The scenario rejection that arises may result in biased willingness-to-pay estimates.

scholarly journals ESTIMATION OF CONSUMERS’ WILLINGNESS TO PAY FOR CAVENDISH BANANA USING CONTINGENT VALUATION METHOD IN SPECIAL PROVINCE YOGYAKARTA

Agro Ekonomi ◽  
2019 ◽  
Vol 30 (2) ◽  
Author(s):  
Novia Dewi Karisyawati ◽  
Any Suryantini ◽  
Arini Wahyu Utami
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Market Price ◽  
Primary Data ◽  
Good Opportunity ◽  
Determinant Factors ◽  
Valuation Method ◽  
Cavendish Banana

Banana is a fruit with the highest consumption level in Indonesia. There are many types of bananas in Indonesia, but only a few types are sold in modern markets and fruit shops, among other Cavendish banana. The Cavendish is known to consumers by their attractive appearance, superior quality and relatively higher prices. This study aims to assess the value of the consumers’ willingness to pay (WTP) for Cavendish banana and its determinant factors. There are two methods used, i.e., contingent valuation method to evaluate the consumers’ willingness to pay, and multiple regression to analyse its determinant factors. Primary data were obtained from 100 respondents by purposive sampling and interviewed in Yogyakarta Special Region between April and June 2019. The results indicate that the consumers’ willingness to pay (WTP) for Cavendish banana is IDR 24,485/kg, which is above the market price. The determinant factors of the consumers’ willingness to pay include the Cavendish banana price, quality of the Cavendish, monthly frequency of consuming banana, family size, income and marital status. The high value of the consumers’ willingness to pay indicates the good opportunity to expand the Cavendish banana market in Special Province Yogyakarta, by taking into account quality and market segmentation.

scholarly journals Analysis of Willingness to Pay Integrated Waste Management

2019 ◽  
Vol 2 (2) ◽  
pp. 461-468
Author(s):  
Tionarta Bakara ◽  
Prasetyo Ari Bowo
Keyword(s):  
Waste Management ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Education Level ◽  
Primary Data ◽  
Management Service ◽  
Factors Affecting ◽  
Valuation Method ◽  
The Family

Waste volume in Semarang City increases every year. Local Regulation Number 6 Year 2012 forces households to reduce waste through 3R. 83% pre-survey citizens in West Semarang District have not done it yet. It needs an improvement on waste management. The purpose of this research is to know the citizen’s willingness to pay rate of West Semarang District on waste management improvement and to analyze the factors affecting willingness to pay. The data used in this research is Primary Data. The population in this research is 100 households in West Semarang District. Data collection method is using interview. Data analysis method is using Contingent Valuation Method and multiple  linear regression. The result shows that 68 respondents are willing to pay and 32 respondents are not. The amount of willingness to pay is Rp16.838. Influencing factors of willingness to pay are education level and staying duration. The recommendation of this research is the higher willingness to pay should be followed by better management service. Citizens can improve willingness to pay by having higher education level so that they realize the importance of maintaining environment. To increase willingness to pay, the higher family members the more they should have a good knowledge so that their perception about the payment based on head of the family will decrease. Volume sampah di Kota Semarang meningkat setiap tahun. Peraturan Daerah Nomor 6 Tahun 2012 memaksa rumah tangga untuk mengurangi limbah melalui 3R. 83% warga pra-survei di Kabupaten Semarang Barat belum melakukannya. Perlu perbaikan dalam pengelolaan limbah. Tujuan dari penelitian ini adalah untuk mengetahui kesediaan warga untuk membayar tarif Kabupaten Semarang Barat pada peningkatan pengelolaan limbah dan untuk menganalisis faktor-faktor yang mempengaruhi kesediaan untuk membayar. Data yang digunakan dalam penelitian ini adalah Data Primer. Populasi dalam penelitian ini adalah 100 rumah tangga di Kabupaten Semarang Barat. Metode pengumpulan data menggunakan wawancara. Metode analisis data menggunakan Metode Contingent Valuation dan regresi linier berganda. Hasilnya menunjukkan bahwa 68 responden bersedia membayar dan 32 responden tidak. Jumlah kemauan untuk membayar adalah Rp16.838. Faktor-faktor yang mempengaruhi kemauan untuk membayar adalah tingkat pendidikan dan durasi tinggal. Rekomendasi dari penelitian ini adalah semakin tinggi kesediaan untuk membayar harus diikuti oleh layanan manajemen yang lebih baik. Warga dapat meningkatkan kemauan untuk membayar dengan memiliki tingkat pendidikan yang lebih tinggi sehingga mereka menyadari pentingnya menjaga lingkungan. Untuk meningkatkan kemauan membayar, semakin tinggi anggota keluarga semakin mereka harus memiliki pengetahuan yang baik sehingga persepsi mereka tentang pembayaran berdasarkan kepala keluarga akan berkurang.

scholarly journals Estimating the Outdoor Recreational Value of Chitgar Forestial Park of Tehran with the Use of Contingent Valuation Method (CV)

2015 ◽  
Vol 4 (4) ◽  
pp. 64 ◽  
Author(s):  
Majid Kholuzini Sharahi ◽  
Mohamad Hosein Mohamadi ◽  
Azam Abedini
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Family Size ◽  
Contingent Valuation Method ◽  
Dichotomous Choice ◽  
Recreational Value ◽  
Valuation Method ◽  
The Mean

   Among issues related to the environment, one of the most important issues is pricing the environment. In the present study, the outdoor recreational value of Chitgar Jungle Park of Tehran and its visitors' willingness to pay per visit (WTP) were estimated by using Contingent Valuation method (CV) and 140 questionnaires based on dichotomous choice. The results revealed that 30 percent of the surveyed people were willing to pay an entrance fee and the mean willingness to pay for each visitor was estimated at 3076 Rials and its total annual recreational value was estimated at 5 billion Rials. Among the effective variables on individuals' visit of this park, recommendation, income, per-visit cost, family size, and visits during a year were 1% significant; park facilities and quality were 5% significant; and the visitors' use of personal vehicles, education, type of house, as well as job were 10% significant.

scholarly journals The Impact of the COVID-19 Pandemic on Tourists’ WTP: Using the Contingent Valuation Method

2021 ◽  
Vol 18 (16) ◽  
pp. 8605
Author(s):  
Chang-Young Jeon ◽  
Hee-Won Yang
Keyword(s):  
Infectious Disease ◽  
Logistic Regression ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Perceived Risk ◽  
Contingent Valuation Method ◽  
Dichotomous Choice ◽  
Factors Affecting ◽  
Valuation Method ◽  
The Impact

This study estimated tourists’ willingness to pay (WTP) for tourist sites or facilities in the prolonged COVID-19 pandemic by applying the dichotomous choice-contingent valuation method to two different tourism destination types. A survey was conducted among domestic tourists in South Korea who had visited destinations within the last six months. We conducted a logistic regression with 1283 effective samples. The results showed differences in tourists’ WTP, depending on type, and the factors affecting WTP differed. Tourists with higher tourism attitude and knowledge of tourism risk exhibited a higher WTP. Tourists with higher perceived risk of infectious disease exhibited less WTP.

scholarly journals Consumption Behavior and Willingness to Pay for Fruit Drinks in Bangkok Metropolitan Area

2018 ◽  
Vol 4 (2) ◽  
pp. 212
Author(s):  
Jumpol Vorasayan ◽  
Ruttika Sriwachiratorn ◽  
Ajchara Kessuvan
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Fruit Juice ◽  
Contingent Valuation Method ◽  
Quality Assurance System ◽  
Dichotomous Choice ◽  
Factors Affecting ◽  
Consumption Behavior ◽  
Valuation Method ◽  
Assurance System

The purpose of this research was to study consumer behaviors, willingness to pay and the factors affecting willingness to pay for ready-to-drink fruit drinks less than 25% with the certified quality assurance system by using contingent valuation method (CVM) for consumers in Bangkok. The results from double-bounded dichotomous choice found that the consumers were willing to pay for fruit drinks less than 25% with GMP certification at 15.22 baht/bottle and 15.58 baht/bottle for fruit drinks less than 25% with HACCP certification. Factors that affected the consumer’s willingness to pay were education, income and attitudes about product that have been certified. Keywords: Contingent Valuation Method; Double-Bounded Dichotomous Choice; Fruit Juice; Willingness to Pay; Quality Control

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