scholarly journals Farmers' Willingness to Pay for 2-Wheel Tractor Hiring Services in Northwestern Ethiopia: A Contingent Valuation Study

2018 ◽  
Vol 6 (6) ◽  
Author(s):  
Astewel D. Takele ◽  
Yihenew G. Selassie ◽  
Solomon Tekset
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Soil Type ◽  
Group Discussion ◽  
Contingent Valuation Study ◽  
Face To Face ◽  
Valuation Study ◽  
Contingent Valuation Methods ◽  
Land Size ◽  
Cultivation Practice

This study sought to determine farmers’ willingness to pay (WTP) for 2-wheel tractor hiring services in Northwestern Ethiopia. Survey questionnaire related to CVM was designed and face-to face interview were made to collect the data. Moreover, focus group discussion used to generate qualitative information on household characteristics. Both purposive and stratified sampling techniques were used based on gender, wealth class and soil type of the sampled households. For the study, a total of 144 farm households were considered using double bounded contingent valuation methods approach with an open-ended follow-up question. The study result indicated that the mean amount of money farmers is willing to pay was 1121.026 ETB (56.05 USD) per hectare. Econometric results confirm that the education level of households, land size of households, male labor availability and soil type were the factors that affecting the farmers’ level of willingness to pay positively. However, age of households and tropical livestock unit (TLU) were the factors that affected the same negatively. About 80% of the sampled farmers were willing to use 2-wheel THS. The finding of this study showed that farmers demand for improved 2-wheel THS is high. Hence, there is a need to consider the above factors to introduce 2-wheel tractor hiring service for cultivation practice in the study area. 

CONTINGENT VALUATION STUDY ON WILLINGNESS-TO-PAY FOR SUSTAINABLE FOREST PRODUCTS

2010 ◽  
Vol 12 (04) ◽  
pp. 469-489 ◽  
Author(s):  
JANE LINDSAY HARRISON ◽  
FRED HITZHUSEN
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Forest Products ◽  
Forest Resources ◽  
Contingent Valuation Study ◽  
Benefit Cost Analysis ◽  
Market Values ◽  
Environmentally Responsible ◽  
Valuation Study ◽  
Contingent Valuation Methods

This research study investigates the market and non-market benefits and costs of adopting a forest resources policy aimed at environmentally responsible purchasing at a large university. I use benefit-cost analysis and contingent valuation methods to determine the population's willingness-to-pay (WTP) for environmentally responsible forest products. Econometric analysis reveals that past WTP and belief that the forest resources policy will improve the environment positively affect WTP, while position as a staff member decreases WTP. This methodology can be used for other products that have non-market values like cafeteria compost and by other large purchasing entities such as corporations and government agencies.

scholarly journals Contingent Valuation: From Dubious to Hopeless

2012 ◽  
Vol 26 (4) ◽  
pp. 43-56 ◽  
Author(s):  
Jerry Hausman
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Response Bias ◽  
Willingness To Accept ◽  
Embedding Problem ◽  
Contingent Valuation Study ◽  
Empirical Results ◽  
Valuation Study ◽  
Contingent Valuation Methods

Approximately 20 years ago, Peter Diamond and I wrote an article for this journal analyzing contingent valuation methods. At that time Peter's view was that contingent valuation was hopeless, while I was dubious but somewhat more optimistic. But 20 years later, after millions of dollars of largely government-funded research, I have concluded that Peter's earlier position was correct and that contingent valuation is hopeless. In this paper, I selectively review the contingent valuation literature, focusing on empirical results. I find that three long-standing problems continue to exist: 1) hypothetical response bias that leads contingent valuation to overstatements of value; 2) large differences between willingness to pay and willingness to accept; and 3) the embedding problem which encompasses scope problems. The problems of embedding and scope are likely to be the most intractable. Indeed, I believe that respondents to contingent valuation surveys are often not responding out of stable or well-defined preferences, but are essentially inventing their answers on the fly, in a way which makes the resulting data useless for serious analysis. Finally, I offer a case study of a prominent contingent valuation study done by recognized experts in this approach, a study that should be only minimally affected by these concerns but in which the answers of respondents to the survey are implausible and inconsistent.

Willingness to pay for more sustainable e-waste management: a contingent valuation study in greece

2012 ◽  
pp. 19-35
Author(s):  
Charisios Achillas ◽  
Christos Vlachokostas ◽  
Avraam Karagiannidis ◽  
Eftichios Sophocles Sartzetakis ◽  
Nicolas Moussiopoulos
Keyword(s):  
Waste Management ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Local Community ◽  
Industrial Ecology ◽  
Contingent Valuation Study ◽  
Adequate Funding ◽  
Weee Recycling ◽  
Valuation Study ◽  
Environmentally Sound

Management of Waste Electric and Electronic Equipment (WEEE also called e-waste) has become an issue of critical importance recently also in the frame of industrial ecology besides waste management per se, mostly due to their content in hazardous materials and the extensive implications of any intervention in a broad industrial spectrum. The effectiveness of any landfill diversion scheme depends on its acceptance by the local community and the industry, as well as adequate funding. This paper presents a contingent valuation approach in order to examine public environmental awareness and to assess the willingness-to-pay (WTP) for the environmentally sound management of WEEE in Greece, based on a suitable, customized and easy-to-comprehend questionnaire. The survey revealed a still relative public ignorance on the subject and a reluctantly limited WTP. The latter is mostly triggered by the fact that respondents believed that associated expenses should be covered either by authorities or manufacturers (protest votes). However, based on the responses of those declaring a positive WTP, the average fee respondents are willing to pay exceeds the current recycling fee. Thus, existing recycling fees could be potentially increased in order to cover additional expenses for the development of infrastructure in areas not currently included in the national WEEE recycling program, as well as to provide the public with a dense network of disposal sites/bins in an effort to boost participation and WEEE recycling rates.

Do Americans want ethanol? A comparative contingent-valuation study of willingness to pay for E-10 and E-85

2010 ◽  
Vol 32 (1) ◽  
pp. 121-128 ◽  
Author(s):  
Daniel R. Petrolia ◽  
Sanjoy Bhattacharjee ◽  
Darren Hudson ◽  
Cary W. Herndon
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Study ◽  
Valuation Study

MEASURING THE ECONOMIC BENEFITS FROM THE CONTAMINATED SOIL REMEDIATION POLICY IN KOREA: A CONTINGENT VALUATION STUDY

2016 ◽  
Vol 78 (5-4) ◽  
Author(s):  
Seul-Ye Lim ◽  
Seung-Hoon Yoo
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Soil Remediation ◽  
Contaminated Soil ◽  
Economic Benefits ◽  
Negative Effects ◽  
Public Places ◽  
Contingent Valuation Study ◽  
Spike Model ◽  
Valuation Study

Soil contamination caused by economic growth through industrialization and urbanization has been progressed inKorea. Soil polluted with heavy metals and chemicals makes significantly negative effects on human and wildlife health. This paper attempts to measure the economic benefits from the contaminated soil remediation policy using a specific case study ofKorea. To this end, the contingent valuation (CV) method is employed. A CV national survey of randomly selected 500 households was implemented using person-to-person interviewing in May 2105.  To elicit the willingness to pay (WTP), we apply one-and-one-half bound dichotomous choice question format to reduce the potential for response bias and spike model to deal with zero willingness to pay (WTP). The mean WTP for the policy is estimated to be KRW 1,357 (USD 1.2) for next ten years per household per year and statistically significant at the 1% level. Expanding the value to the national population gives us KRW 25.4 billion (USD 22.9 million) per year. We can judge that the Korean public places a significant value and be utilized in assessing the total benefits from the policy.

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