scholarly journals The Interplay of Likeability and Fear in Willingness to Pay for Bat Conservation

Earth ◽  
2021 ◽  
Vol 2 (4) ◽  
pp. 781-796
Author(s):  
Vasilios Liordos ◽  
Vasileios J. Kontsiotis ◽  
Orestis Koutoulas ◽  
Aristarchos Parapouras
Keyword(s):  
Higher Education ◽  
Willingness To Pay ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Public Support ◽  
Population Sample ◽  
Species Conservation ◽  
Greek Population ◽  
Valuation Method ◽  
Bat Conservation

Bats populations and their habitats are currently threatened globally, but particular declines have been seen across Europe. The contingent valuation method is commonly used to assign an economic value to species conservation through a willingness to pay (WTP) surveys. We carried out face-to-face interviews of a representative to the Greek population sample (n = 1131) and used a multiple-bounded discrete choice approach to estimate WTP for bat conservation. More than half of the Greek population was supportive of bat conservation (54.6%). Mean WTP was estimated at €21.71, and the total amount that could be collected was €105.6 million, after considering the number of taxpayers and the proportion of supportive people. There was an interplay between emotions, with likeability being the most important positive predictor of support, and fear the most important negative predictor of WTP for bat conservation. Among sociodemographics, older participants, with higher education, farmers, and pet owners showed the highest support, while those with higher education, farmers, and consumptive recreationists offered the highest bid for bat conservation. Participants drew information about bats mostly from informal sources, such as friends, movies, novels, and comics. Our study allowed for the estimation of public support and necessary funds for bat conservation, which are valuable for successful conservation management. Findings will also be critical for the design and implementation of effective education and outreach programs, aimed at increasing knowledge about bats and ultimately support for bat conservation actions.

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 Public support for hosting the Olympic Summer Games in Germany: The CVM approach

Urban Studies ◽  
2016 ◽  
Vol 54 (15) ◽  
pp. 3597-3614 ◽  
Author(s):  
Pamela Wicker ◽  
John C Whitehead ◽  
Daniel S Mason ◽  
Bruce K Johnson
Keyword(s):  
Willingness To Pay ◽  
Online Survey ◽  
Contingent Valuation Method ◽  
Public Support ◽  
Interval Data ◽  
Policy Makers ◽  
Hurdle Models ◽  
Valuation Method ◽  
Intangible Benefits ◽  
Sport Events

Cities and their respective regions must weigh the merits of hosting major sport events, including the Olympic Games. This paper presents a contingent valuation method estimate of the monetary value of intangible benefits to Germans of hosting the Olympic Summer Games. In a nationwide online survey, 6977 respondents said whether they would support a referendum to host the Games. The survey employed a payment card format containing monthly tax amounts to elicit individual willingness-to-pay for the Games over a five-year period. In the weighted sample, 26% expressed an average willingness-to-pay of €51. Willingness-to-pay varied widely across regions. Around Cologne, the average willingness-to-pay was €100. Interval data hurdle models reveal that policy consequentiality and various intangible benefits increased willingness-to-pay. Aggregate willingness-to-pay over a five-year period amounted to €46 billion which exceeded the estimated costs of the 2024 Summer Games for Hamburg. The findings have implications for policy makers since they show what regions within Germany most support hosting the Games.

La valutazione economica delle risorse culturali. Un'applicazione della Contingent Valuation

2009 ◽  
pp. 107-122
Author(s):  
Francesca Mazza
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Cultural Resources ◽  
Existence Value ◽  
Valuation Method ◽  
Total Economic Value ◽  
Key Words Evaluation

-The case study examines the economic aspects of cultural heritage conservation and deals the valuation of economic value in monetary terms, using the application of the contingent valuation method to the castle of Nicastro (Catanzaro, Italy). For the construction of the hypothetical market and the selection criteria and approach to subjects of the statistic sample, the proposed solutions work with operative adjustments, dictated by the characteristics of the resource in question and in general for all cultural resources. The study has produced reliable answers to questions of willingness to pay, expressing the measure of the different components of the value (use value and existence value) contribute to the composition of the total economic value. The study allowed to verify the possibility of using the contingent valuation as a political tool. The particular question format, which combines ‘double bounded dichotomous choice' and ‘open ended' techniques has allowed us to take a sensitivity analysis, defining the measure of willingness to pay.Key words: evaluation cultural resource, contingent valuation method, willingness to payParole chiave: valutazione, beni culturali, metodo di valutazione contingente, disponibilitŕ a pagare

Stated Willingness to Pay for Public Goods: A Psychological Perspective

1993 ◽  
Vol 4 (5) ◽  
pp. 310-315 ◽  
Author(s):  
Daniel Kahneman ◽  
Ilana Ritov ◽  
Karen E. Jacowitz ◽  
Paul Grant
Keyword(s):  
Public Health ◽  
Willingness To Pay ◽  
Public Goods ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Psychological Perspective ◽  
Valuation Method ◽  
Highly Correlated

In the contingent valuation method for the valuation of public goods, survey respondents are asked to indicate the amount they are willing to pay (WTP) for the provision of a good. We contrast economic and psychological analyses of WTP and describe a study in which respondents indicated their WTP to prevent or to remedy threats to public health or to the environment, attributed either to human or to natural causes. WTP was significantly higher when the cause of a harm was human, though the effect was not large. The means of WTP for 16 issues were highly correlated with the means of other measures of attitude, including a simple rating of the importance of the threat. The responses are better described as expressions of attitudes than as indications of economic value, contrary to the assumptions of the contingent valuation method.

scholarly journals Economic value of biological attributes of artificial coral reefs

2013 ◽  
Vol 70 (4) ◽  
pp. 904-912 ◽  
Author(s):  
Omer Polak ◽  
Nadav Shashar
Keyword(s):  
Coral Reefs ◽  
Willingness To Pay ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Artificial Reef ◽  
Natural Scenes ◽  
Reef Community ◽  
Valuation Method ◽  
Biological Attributes ◽  
Biological Component

Abstract Polak, O., and Shashar, N. 2013. Economic value of biological attributes of artificial coral reefs – ICES Journal of Marine Science, 70: 904–912. Visitor appreciation of natural scenes such as coral reefs is well documented. However, what part the value of the biological component in these scenes plays in fostering people's enjoyment is unclear. Using the contingent valuation method (CVM), we examined divers' willingness to pay for changes in the fish and coral attributes over an artificial reef. Using image manipulations, different levels of community descriptors, such as richness, abundance, and biodiversity of corals and fish, were isolated, and the willingness to pay for proposed factors was examined. The results showed that divers were willing to contribute towards all increases in reef community attributes, and were partially able to discriminate between them. Biodiversity was the most valued index, while fish abundance was the least favoured. These results, which demonstrate that visitors understand the fundamentals that constitute a coral reef community and value its diversity, may help direct conservation efforts undertaken in the design of marine reserves and pre-planned artificial reefs.

scholarly journals Society’s Willingness to Pay for Certified Dry Firewood Energy in Chile

2021 ◽  
Vol 9 ◽  
Author(s):  
Leidy Y. García ◽  
Arcadio A. Cerda ◽  
Rocio del P. Lagos ◽  
Patricio I. Muñoz ◽  
Monserrat Muñoz
Keyword(s):  
Air Pollution ◽  
Willingness To Pay ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Valuation Method ◽  
Wood Burning ◽  
Pollution Damage ◽  
Short And Long Term ◽  
The Government ◽  
Non Market Valuation

Introduction: Air pollution is present in most cities in Chile due to smoke produced from firewood, as happened in many developing countries, generating various health problems among the population. This situation is especially prevalent in all cities in central and southern Chile. To mitigate it, the government implemented several measures, among which are the promotion of the use of certified dry firewood and hourly restrictions on the use of wood-burning stoves for heating according to the peak emissions of particulate matter.Objective: The objective of this study was to determine the willingness to pay for certified dry firewood as a means of reducing environmental restrictions on the use of wood-burning stoves to heat households.Materials and methods: The study used a non-market valuation, specifically contingent valuation, method using a double-bounded dichotomous choice format with the estimation of biprobit econometric models.Results: The results showed that the average individual was willing to pay 12 USD, and extrapolating that to the local population’s willingness to pay yielded an economic value of 3,415,140 USD, which to a certain extent represents the valuation of air pollution damage.Conclusion: Our results showed that people positively valued the use of dry firewood as a payment vehicle to improve air quality and thereby reduce restrictions on the use of certified dry firewood for heating. Therefore, complementary environmental policy measures should be continued to address the problem of air pollution in both the short and long term.

scholarly journals ECONOMIC ANALYSIS OF HERITAGE TOURISM AT OLD TOWN AREA SURABAYA

2019 ◽  
Vol 4 (1) ◽  
pp. 8
Author(s):  
Muryani Muryani
Keyword(s):  
Willingness To Pay ◽  
Cultural Heritage ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Multinomial Logistic Regression ◽  
Heritage Tourism ◽  
Economic Value ◽  
Valuation Method ◽  
Town Area

AbstractThis study is an application of cultural heritage valuation using non-market methods. Contingent Valuation Method used to measure the amount of economic value by estimating willingness to pay from Surabaya residents. The economic value of the Old Town Area of Surabaya if there were improvementanddevelopment of heritage tourism is Rp. 1.471.764 billion.This value is greater than before improvement and development that is only Rp. 3.914.892.240. Multinomial logit regression was used to identify factors that affect the interest to visit and willingness to pay for the respondent. Results indicates that age, education, income, and knowledge significantly influence the interest to visit and willingness to pay. Therefore, it is necessary to encourage the development of heritage tourism, having regard to the determination of stakeholder and policy priorities.The method used in the determination of stakeholder and policy priorities is the Analytic Hierarchy Process.Overall, the use of three methods provide complete results so it can be a reference in the field of cultural heritage research and advice in the development of heritage tourism, especially in the old city area of Surabaya.Keywords: economic valuation, multinomial logistic regression, contingent valuation method, analythical hierarchy process.

scholarly journals Estimating Willingness to Pay for a Future Recreational Park Atop the Current Jakuševec Landfill in Zagreb, Croatia

2019 ◽  
Vol 11 (21) ◽  
pp. 6038 ◽  
Author(s):  
Marija Opačak ◽  
Erda Wang
Keyword(s):  
Willingness To Pay ◽  
Land Reclamation ◽  
Survey Design ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Economic Value ◽  
Survey Method ◽  
Valuation Method ◽  
Valuation Study ◽  
The City

The main purpose of this study is to investigate the economic value potentially accrued by a prospective city park, which is planned to be built as a result of strategic land reclamation of a current landfill in Croatia, based on parkgoers’ marginal willingness to pay. The idea of this land transformation is inspired by recent debate on the issue of how to address air quality and other environmental concerns over the disposal of the landfill site in the city. Like any other nonmarket valuation studies, choosing a proper survey method is a critical step for a successful economic valuation study. We adopted a double bounded dichotomous choice contingent valuation method in survey design and data collection, followed by parameter estimation using the logit model. The study reveals—(1) the support of 70% of respondents was estimated; (2) as much as 96% of the respondents are willing to visit the park being presented to the respondents along with the survey questionnaire. The economic valuation indicates that the city residents are willing to pay €3.63 per person for the park’s entrance fees, which can be translated into an aggregate of €2,867,762. By referring this value information to the park budget, we may persuade policy makers to commit to a transformation of the current landfill.

scholarly journals Determinants of Rice Farmers’ Willingness to Pay for Conservation and Sustainable Use of Swampy Wetlands in Ghana’s Northern and Ashanti Regions

Agriculture ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 507
Author(s):  
Jonathan Darkwah Baffoe ◽  
Takeshi Mizunoya ◽  
Helmut Yabar
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Sustainable Use ◽  
Household Size ◽  
Community Members ◽  
Wetland Ecosystems ◽  
Rice Farmers ◽  
Valuation Method ◽  
Household Disposable Income

In light of the increased importance of sustainability issues in the world economy, this study calculates the economic value of the swampy wetlands in Ghana’s Northern and Ashanti region, based on rice farmers’ and community members’ willingness to pay (WTP) for the sustainable use of the wetlands. It also examines the factors influencing this WTP. Data from 160 rice farmers and community members in four districts were collected via a questionnaire survey. A logistic regression model was employed to determine the significance of the influencing factors, while the respondents’ WTP was estimated by the contingent valuation method. The results revealed that 89.4% of the respondents were willing to contribute about 54.90–213.11 USD/household/ha/year and an aggregated 0.298–1.158 million USD/year to ensure swampy wetland sustainability. On an average, they were willing to pay 180.17 USD/household/ha/year and an aggregated 0.979 million USD/year. Gender, household size, household disposable income, and knowledge of the importance of wetlands were found to be the determinants of WTP. We recommend that farmers and the public be educated on wetland ecosystems and family planning. In addition, reducing household size and providing rice farmers with adequate irrigation and postharvest facilities are worthwhile conservation measures.

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