scholarly journals The willingness to pay for dusky kob (Argyrosomus japonicus) restocking: using recreational linefishing licence fees to fund stock enhancement in South Africa

2009 ◽  
Vol 66 (5) ◽  
pp. 839-843 ◽  
Author(s):  
Ryan M. Palmer ◽  
Jen D. Snowball
Keyword(s):  
South Africa ◽  
Willingness To Pay ◽  
South African ◽  
Contingent Valuation Method ◽  
Stock Enhancement ◽  
Economic Feasibility ◽  
Recreational Fishing ◽  
Valuation Method ◽  
Set Up ◽  
The Cost

Abstract Palmer, R. M., and Snowball, J. D. 2009. The willingness to pay for dusky kob (Argyrosomus japonicus) restocking: using recreational linefishing licence fees to fund stock enhancement in South Africa. – ICES Journal of Marine Science, 66: 839–843. The economic feasibility of stock enhancement of Argyrosomus japonicus in South Africa was investigated using a willingness-to-pay (WTP) survey. The pilot study provides a unique example of the use of the contingent valuation method as a valuation tool for a proposed stock enhancement programme. An increase in the cost of a recreational fishing permit is used as a potential vehicle of payment. The median value of the maximum that fishers were willing to pay for a recreational fishing permit was R155 (South African Rand) for frequent fishers and R100 for non-frequent fishers. Analysis showed that a fee of more than R100 excluded up to 50% of anglers from the fishery, but that a fee of R100 excluded only 28% of recreational anglers and would generate an additional R12 million annually from the sale of recreational fishing permits. The estimated costs of set-up and running of a stock enhancement programme are substantially lower than this, suggesting that stock enhancement may be an economically feasible management option that deserves more investigation. The WTP method itself produces robust results and is likely to be an effective tool in the management of the marine environment.

scholarly journals Consumers’ preference and willingness to pay for graded beef in Polokwane municipality, South Africa

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Florah L. Makweya ◽  
Isaac B. Oluwatayo
Keyword(s):  
South Africa ◽  
Willingness To Pay ◽  
Value Chain ◽  
Contingent Valuation Method ◽  
Young Female ◽  
Classification Systems ◽  
Limpopo Province ◽  
Safety Issues ◽  
Valuation Method ◽  
Current Price

Consumers around the world are progressively becoming more concerned and aware about food standards, quality and safety issues. The purpose of this study was to determine consumers’ preference regarding safe and quality beef and willingness to pay (WTP) for graded beef in Polokwane municipality, Limpopo Province, South Africa. The research surveyed 150 consumers using a structured questionnaire to collect data on consumer characteristics and responses to different bid levels for graded beef. Analytical methods were descriptive statistics, Likert scales, contingent valuation method to evaluate respondents’ mean WTP for graded beef and logit model to determine the dependence of WTP on consumers’ socioeconomic characteristics. Results showed that consumers prefer their beef tender, with less fat and bones and labelled with price, grade/class, size or quantity of the product and lastly quality inspection or certification indicator. Over half of the respondents (53%) were aware of grading or classification systems. The results further revealed that most respondents are willing to pay an increase of 16.04% over the current price for beef. This could be an opportunity for investments in beef label industry. Consumer characteristics including age, income, gender and household size significantly influenced WTP for graded beef in Polokwane Municipality. Marketing strategies considered by beef product investors should target young, female and wealthier consumers. Grading with respect to quality attributes would make beef sales at differentiated prices possible. This will eventually enhance sales volume and returns for all stakeholders along the value chain.

scholarly journals Are you willing to pay more for the arts?

2017 ◽  
Vol 9 (2) ◽  
pp. 392-408 ◽  
Author(s):  
Martinette Kruger ◽  
Melville Saayman
Keyword(s):  
South Africa ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Developing Country ◽  
Contingent Valuation Method ◽  
The Past ◽  
Valuation Method ◽  
The Arts

This study determines festival attendees’ Willingness To Pay to support an increase, or prevent a decline, in arts performances and exhibitions. It uses the contingent valuation method to produce a profile of attendees, showing how much, if anything, they are willing to pay per month over and above their current taxes, and their reasons for being willing or unwilling to pay extra. Apart from Snowball (2005), no studies to date have examined Willingness To Pay to support the arts in a developing country like South Africa. This study of the Aardklop festival shows how Willingness To Pay for the arts appears to have changed in South Africa over the past decade and it appears that arts patrons are less willing to pay than a decade ago. It suggests strategies for sustaining the arts in South Africa and will help events managers to identify the attendees who are willing to pay more.

Willingness to pay for sanitation services in Dagupan City, Philippines

2013 ◽  
Vol 3 (2) ◽  
pp. 165-180 ◽  
Author(s):  
D. S. Harder ◽  
A. J. U. Sajise ◽  
E. M. Galing
Keyword(s):  
Willingness To Pay ◽  
Important Implication ◽  
Contingent Valuation Method ◽  
Sanitation Services ◽  
Valuation Method ◽  
Income Groups ◽  
Pricing Scheme ◽  
The Cost ◽  
The City ◽  
Huge Investment

Using the Contingent Valuation Method (CVM), the study looks at the septage management and sewerage services demand of households with latrines in Dagupan City, Philippines vis-à-vis the cost of providing these services. The survey covers a total of 1,200 respondents for the septage and sewerage demand study. For the septage and sewerage studies, income was shown to significantly influence willingness to pay (WTP). WTP was also found to increase across income groups, indicating the plausibility of implementing a socialized pricing scheme for the septage and sewerage fees. Another important implication of the results is that increased demand for sanitation facilities would only take place as general income levels of Dagupan City improve. Under certain assumptions, the individually rational and financially viable Septage Fee is around PhP 46/month with optimal desludging frequency of 3 yrs. This means that a self-financed Septage Program is possible for the city. However, the case is different for the Sewerage Program since none of the proposed fees (including the average WTP of PhP 102/month for the whole sample) is sufficient to cover the huge investment costs associated with a self-financed sewerage infrastructure. Thus, the Local Government Unit (LGU) has to source funds elsewhere.

scholarly journals Willingness to Pay for Soccer Player Development in the United States

2015 ◽  
Vol 19 (2) ◽  
pp. 279-296 ◽  
Author(s):  
O. Ashton Morgan ◽  
John C. Whitehead
Keyword(s):  
Willingness To Pay ◽  
Soccer Player ◽  
Contingent Valuation Method ◽  
Probit Model ◽  
The United States ◽  
World Cup ◽  
Valuation Method ◽  
Before And After ◽  
Additional Funding ◽  
The Cost

American households’ willingness to pay (WTP) for soccer player development is measured using the contingent valuation method. Data are drawn from two national surveys administered before and after the 2014 World Cup event. Individuals are asked whether they perceive that additional funding for player development will improve the chances of the national team’s performance at the 2018 World Cup and whether they are willing to pay an annual household tax to fund the program. A bivariate probit model accounts for correlation between the two decisions. WTP estimates indicate that the intangible benefits of player development are roughly twice the cost.

scholarly journals Consumer awareness and willingness to pay for halal certified of beef in Bogor area

2019 ◽  
Vol 2 (2) ◽  
pp. 51
Author(s):  
Syafiq Alfikri ◽  
Lukman Mohammad Baga ◽  
Suprehatin Suprehatin
Keyword(s):  
Willingness To Pay ◽  
Islamic Law ◽  
Contingent Valuation Method ◽  
Partial Least Square ◽  
Least Square ◽  
Selling Price ◽  
Consumer Awareness ◽  
Valuation Method ◽  
Two Factors ◽  
The Cost

Indonesian government law No. 33 of 2014 on Halal Product Assurance (Halal Law) states that all products circulating in Indonesia must be halal-certified. The implementation of Halal Law has implications for increasing the cost of delivering beef to consumers because each seller is required to implement a process that is in accordance with Islamic law in order to obtain halal certificate. This cost will be distributed to consumers by increasing the selling price of beef that halal-certified. The aims of this study are, (1) analyze consumers' willingness to pay on halal-certified of beef, beef prices are currently very high (Rp 120,000 / kg), (2) analyze consumer awareness on halal-certified of beef. The research sample was taken in the Bogor area. The method used to analyze consumers' willingness to pay is Contingent Valuation Method (CVM), and the method for analyzing consumer awareness is Partial Least Square (PLS). The results of this study indicate two factors that significantly influence consumer awareness: religious beliefs and halal logos. The results of this study also indicate that beef consumers in Bogor area are willing to pay more than 4-6 percent for beef that is halal certified. These results indicate that consumers from the Bogor area are willing to pay more for halal-certified beef. This shows the community's support for the implementation of the Halal Law.

scholarly journals Application of the contingent valuation method to estimate the willingness-to-pay for restoring indigenous vegetation in Underberg, Kwazulu-Natal, South Africa

2010 ◽  
Vol 13 (2) ◽  
pp. 135-157 ◽  
Author(s):  
Mario Du Preez ◽  
S Tessendorf ◽  
Stephen Hosking
Keyword(s):  
South Africa ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Valuation Function ◽  
Valuation Method ◽  
Kwazulu Natal ◽  
The Mean ◽  
Alien Vegetation

This study estimates the willingness-to-pay (WTP) for a project (i.e. the Working for Water Programme) aimed at removing alien vegetation and restoring indigenous vegetation in Underberg, KwaZulu-Natal, South Africa. The WTP estimate reflects the benefit of preference for indigenous vegetation over alien vegetation. In a survey, a questionnaire was administered to 260 households in the Underberg region during September 2005. It was deduced that the mean WTP for the project was R21.12 in 2005 (R26.40 in 2008), the total WTP was R25 344.00 (R31 680.00 in 2008) and the WTP per hectare was R21.87 (R27.34 in 2008).  A valuation function to predict WTP responses was also estimated. The function showed that knowledge of the local Working for Water Programme and income were important determinants of WTP. 

Reliability and Validity of the Contingent Valuation Method for Estimating Willingness to Pay: A Case of In Vitro Fertilisation

2018 ◽  
Vol 17 (1) ◽  
pp. 103-110 ◽  
Author(s):  
Stella Nalukwago Settumba ◽  
Marian Shanahan ◽  
Willings Botha ◽  
Muhammad Zulilhaam Ramli ◽  
Georgina Mary Chambers
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Reliability And Validity ◽  
In Vitro Fertilisation ◽  
Valuation Method

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 Paying the price to solve fisheries conflicts in Brazil’s Marine Protected Areas

2018 ◽  
Author(s):  
Priscila Lopes ◽  
Sebastian Villasante
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Protected Areas ◽  
Marine Protected Areas ◽  
Contingent Valuation Method ◽  
Slight Tendency ◽  
Valuation Method ◽  
Fernando De Noronha

Ecosystems services (ES) provide food and recreation to humans, but are fast being degraded. Marine Protected Areas (MPAs) have been proposed as a way to protect some of these ES, but decisions regarding what gets protection and what gets consumed can be a source of conflicts. One such example is the Fernando de Noronha MPA (Brazil), where there is a conflict between shark-directed tourism and fishers who would like to access the no-take part of the MPA during part of the year. A contingent valuation method (Willingness to Pay) was used to ascertain if tourists would accept compensating fishers for not disturbing the sharks during a specific period of the year, by adding a symbolic increase in the taxes they already pay to either visit the island or to visit the no-take part of the MPA. Tourists were open to this alternative (67-71%), regardless of the fee being paid. However, there was a slight tendency to reject the fee when the tourists saw sharks during their stay, suggesting that a closer contact with these animals triggered a less sympathetic attitude towards fishers, probably because they start seeing fishers as wrongdoers, even if this is the worst choice for conservation. Although such a hypothetical payment was easily accepted by the majority of the tourists and could represent an affordable solution to conflicts, convincing those who reject such social compensation, especially if based on an irrational choice, would be an important step for sharks and for the MPA as a whole.

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