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.

Economic Value of Pavement for the Elderly: Case Study of Bangkok, Thailand

2018 ◽  
Vol 9 (11) ◽  
pp. 927-937
Author(s):  
Somskaow Bejranonda ◽  
◽  
Aekkapat Laksanacom ◽  
Waranan Tantiwat ◽  
◽  
...  
Keyword(s):  
Contingent Valuation Method ◽  
Economic Value ◽  
The Elderly ◽  
Pavement Management ◽  
Sustainable Urban Development ◽  
Public Facility ◽  
Average Value ◽  
Valuation Method ◽  
The People ◽  
The City

Based on the concept of a livable and global age-friendly city, pavements are a public facility that the city should provide to the people. Appropriate pavements will be beneficial for the people, particularly for good quality of life for the elderly to move around in the city. This study explored the behaviour of the elderly in the use of pavements and the problems confronted. The study also evaluated the value of the pavement walking area as it reflected the benefits of pavements to the elderly by applying the Contingent Valuation Method (CVM). During March-May 2017, data were collected using interviews with 601 elderly living in Bangkok. The study indicated that the main problem for senior citizens regarding their use of pavements was from being disturbed by motorbikes riding on the pavements. The average value of pavement for the elderly was about THB 160 (USD 5.30) per person per year. Thus, the benefits of pavements to the elderly in Bangkok was approximately THB 158 million (USD 5.2 million) per year. Thus, policy makers should make proper budget allocations for elderly-friendly pavement management and seriously address the problems confronting the elderly in using pavements, to maximize the usefulness of pavements not only for the elderly but also for the public and to support a sustainable urban development.

scholarly journals CONSUMERS’ WILLINGNESS TO PAY (WTP) OF SPECIAL TAX FOR NON-GREEN VEHICLES TOWARDS ENVIRONMENTAL PERFORMANCE IN MALAYSIA

2019 ◽  
pp. 66-77
Author(s):  
Sharul Shahida Shakrein Safian ◽  
Hanny Zurina Hamzah
Keyword(s):  
Willingness To Pay ◽  
Automotive Industry ◽  
Environmental Performance ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Environmental Issues ◽  
Maximum Level ◽  
Green Technology ◽  
Valuation Method ◽  
Green Vehicles

The use of the green concept in the automotive industry as an energy-efficient transport innovation is still regarded as a new technology in Malaysia. It also has the potential to alleviate environmental issues in order to improve environmental performance in the automotive industry context. As such, the significance of green technology has become a growing concern, especially among developing countries. The purpose of this study is to determine consumers’ willingness to pay for green vehicles towards solving environmental issues in Malaysia. In order to achieve this, the consumers’ willingness to pay (WTP) and their preferences were examined using the contingent valuation method (CVM) as found in previous studies. Data was gathered using survey questionnaires which were distributed among 445 Malaysians so as to know their preferences in terms of green vehicles and green practices. The data was analyzed using the Economic Valuation Method. The result shows that Malaysians are willing to pay the price increase in road tax by 6.49% maximum level for non-green vehicles as well as all control variables included in the doubled-bounded case. On the other hand, for a single-bounded case, the maximum value is 7.91% which is higher as respondents were given single WTP amount for acceptance compared to the double-bounded case when the initial WTP was followed by another different amount.

scholarly journals PENILAIAN EKONOMI PENANGKARAN RUSA DI TAMAN HUTAN RAYA WAN ABDUL RACHMAN (TAHURA WAR) MENGGUNAKAN METODE KESEDIAAN MEMBAYAR

2021 ◽  
Vol 16 (1) ◽  
pp. 37-46
Author(s):  
Kevin Ewaldo Kahimpong
Keyword(s):  
Willingness To Pay ◽  
Sampling Method ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Sustainable Use ◽  
Conservation Education ◽  
Forest Park ◽  
Average Value ◽  
Valuation Method ◽  
To Come

Lampung is one of the provinces that has various tourist objects, one of which is the Deer Breeding in Wan Abdul Rachman (WAR) Grand Forest Park (Tahura). Its use as a tourist attracts visitors to come and have recreation. As one of the efforts for sustainable use, it is necessary to carry out an economic valuation. The purpose of this study was to calculate the willingness to pay visitors to the Deer Breeding in Tahura WAR using the willingness to pay method and to estimate the revenue received from the tourist attraction of Tahura WAR Deer Captivity. The method used in this research is the willingness to pay method with the contingent valuation method (CVM) and the total revenue method. The research was conducted from February to March 2020. The respondents selected regarding the purposive sampling method that was 100 people. The results showed that the average value of the willingness to pay visitors in Tahura WAR Deer Breeding was Rp. 12.900,-/person/visit, and acceptance of the Tahura WAR Deer Breeding was Rp. 27.552.00.000,-/year the value obtained from the willingness to pay visitors to a hypothetical market in the form of making deer conservation education packages.

scholarly journals Economic Valuation of Green Electricity Sources in Pakistan

2020 ◽  
Vol 10 (3) ◽  
pp. 47
Author(s):  
Muhammad-Jawad Iqbal ◽  
Abdul-Rahim Samad Abdul
Keyword(s):  
Willingness To Pay ◽  
Rural Areas ◽  
Contingent Valuation Method ◽  
Renewable Energy Sources ◽  
Economic Valuation ◽  
Green Electricity ◽  
The Sustainable Development ◽  
Valuation Method ◽  
Bid Price ◽  
The Government

Green electricity, which comes from renewable sources such as wind, hydro and solar, are well appreciated for their being environment friendly. The advantage of these sources are apparent in part of already natural environment. Moreover, this modern form of electricity also contributes in the poverty alleviation in developing countries, which is one of the sustainable development goals (SDG). The objective of this study is to explore electricity consumers’ willingness to pay for the sustainable energy by employing the contingent valuation method (CVM). The respondents were divided into two broad categories of urban and rural consumers. A total of 400 respondents from urban and 405 respondents from rural areas were selected for this study. The CVM calculated the overall price of green electricity for the improvement of environment through increasing the share of electricity from renewable energy sources. The widely used WTP measure double-bounded dichotomous was utilised to elicit the appropriate value of green electricity from the bid price. The results from the logit regressions showed that the respondents with high income and a higher level of education are willing to pay more for green electricity in both urban and rural models. However, results also revealed that the willingness to pay for green electricity is high in younger people than older people. The mean willingness to pay has found 0.33 cents per kWh in the urban model, while is 0.24 in the rural model. The results provided a guideline to the government to charge an appropriate surcharge from the consumers in order to enhance the share of green electricity in energy mix.

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 Consumers’ willingness to pay for organic products in Thailand

2015 ◽  
Vol 42 (5) ◽  
pp. 480-510 ◽  
Author(s):  
Yaowarat Sriwaranun ◽  
Christopher Gan ◽  
Minsoo Lee ◽  
David A Cohen
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation Method ◽  
Good Health ◽  
Content Type ◽  
Factors Affecting ◽  
Valuation Method ◽  
Organic Products ◽  
Products Analysis ◽  
Jasmine Rice ◽  
The City

Purpose – The purpose of this paper is to investigate factors affecting consumers’ willingness to pay (WTP) a premium for organics. Design/methodology/approach – A self-administered questionnaire was used to collect data at five retail stores in metropolitan Bangkok. Exploratory factor analysis and the double-bound contingent valuation method were used for analysis. Findings – Results indicate WTP premiums of 88, 51 and 51 per cent for kale, jasmine rice and pork, respectively. Analysis indicates that respondents are willing to pay a premium if they have already purchased organic products, have good health, strong ethical and environmental concerns, think that organic products provide greater quality and health benefits, and reside in the city. Respondents with children, however, are less likely to pay a premium for organic products. Analysis also indicates that the price premium hinders purchase. Practical implications – Efforts should be made by policymakers, together with marketers and producers, to lower the price of organic products to attract more consumers. Originality/value – To enlarge the organic market, one must understand consumers’ preferences for organic products and the premium they will pay for them. This is not well-researched. Though several studies have investigated consumers’ behaviour towards environmentally friendly products in Thailand, there is little research on WTP. This lack is a major impediment to the growth of organic consumption and the development of organic product markets.

scholarly journals Economic valuation of rangelands in the north of Mexico: A study for its conservation

2021 ◽  
Vol 19 (3) ◽  
pp. e0110-e0110
Author(s):  
Octavio T. Barrera-Perales ◽  
Keyword(s):  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Economic Value ◽  
The North ◽  
Valuation Method ◽  
Common Resource ◽  
Field Information ◽  
The Common ◽  
Communal Rangelands

Aim of study: To estimate grazing fee and the economic value of the communal rangelands of two groups of ranchers. Area of study: Ejido Tanque de Arenas (ETA) and ejido Tanque de Dolores (ETD) in Catorce, San Luis Potosí, Mexico Material and methods: The contingent valuation method with referendum format was used to propose a grazing fee that would allow conservation and continuity in the use of the common resource. The field information was collected by interviews and was processed in the PASW Statistics 22 software NLOGIT Version 5.0. Main results: Perception of rangeland deterioration, age, size of the herd, and level of income are characteristics of ranchers that influence the willingness to pay. From the coefficient of rangeland of the region (24.2 ha/AU) a monthly grazing fee of USD 7.18 per animal was calculated. Research highlights: Estimation and payment of grazing fees are an alternative to avoid the deterioration of communal rangelands, without incurring land parcelization.

scholarly journals The Valuation of Grassland Ecosystem Services in Inner Mongolia of China and Its Spatial Differences

2019 ◽  
Vol 11 (24) ◽  
pp. 7117 ◽  
Author(s):  
Jing Ning ◽  
Jianjun Jin ◽  
Foyuan Kuang ◽  
Xinyu Wan ◽  
Chenyang Zhang ◽  
...  
Keyword(s):  
Ecosystem Services ◽  
Willingness To Pay ◽  
Inner Mongolia ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Policy Implications ◽  
Grassland Ecosystem ◽  
Valuation Method ◽  
Grassland Ecosystems ◽  
Spatial Differences

Economic valuation of grassland ecosystem services is important for protecting and restoring grassland ecosystems. This study aims to investigate Chinese netizens’ willingness-to-pay (WTP) for protecting grassland ecosystem services in Inner Mongolia by using the contingent valuation method. The results indicate that 61.55% of respondents expressed a positive WTP. The mean WTP was estimated to be CNY 170.76 (USD 25.11) per person per year. We found that there is a significant spatial difference in respondent’s WTP. Factors such as respondent age, education, household income and concern about grassland protection significantly affected their WTP. Younger, more educated and wealthier respondents have a higher probability of willingness to pay, and those who are concerned about grassland protection present a higher WTP. The regression results also show that distance from the grassland negatively affects the probability and values of people’s WTP. Findings of this research provide useful policy implications for decision-makers involved in grassland protection and management.

scholarly journals The Valuation of Recreational Use of Wetlands and the Impact of the Economic Crisis

2020 ◽  
Vol 17 (9) ◽  
pp. 3228
Author(s):  
Fernando Vidal Gimenez ◽  
Claudio Ruiz Mas
Keyword(s):  
Economic Crisis ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Economic Value ◽  
Environmental Resources ◽  
Public Managers ◽  
Valuation Method ◽  
Recreational Services ◽  
The Impact ◽  
Valuation Tools

The economic valuation of environmental resources is of great interest to society in general and to public managers in particular. It can promote more sustainable environmental policies, as it clearly shows the high economic value of natural resources. Thus, these valuation tools can provide useful evidence to support such policies by quantifying the economic value associated with the protection of such resources. However, there is an inherent difficulty in the implementation of methods to assess the economic valuation of environmental resources, mainly as a result of the absence of a market and hence a price that explains its social demand. However, both the travel cost method and the contingent valuation method used in this paper offer an approach to the economic values of the recreational services for wetlands. The aim is to analyze whether these values have been influenced by the economic crisis, so two time periods are compared separated for a decade. Results do not show an unequivocal influence between values in both periods, with different behaviors among natural areas, although with a certain tendency to increase in the decade being analyzed.

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

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