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 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 ARE THERE DIFFERENCES IN WILLINGNESS TO PAY AMONG VISITORS AND NON-VISITORS OF TAMAN NEGARA NATIONAL PARK?

2010 ◽  
Vol 9 (1) ◽  
Author(s):  
Zaiton Samdin ◽  
Khairil Wahidin Awang
Keyword(s):  
Willingness To Pay ◽  
National Park ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Park Management ◽  
Market Segments ◽  
Pricing Policy ◽  
Efficient System ◽  
Market Values ◽  
Valuation Method

Approaches such as the Contingent Valuation Method (CVM) have helped to assign dollar values to non-use values for non-market goods which, unlike other products, are not traded in the market. This study attempts to put a value on the above non-market values. This study used the CVM, with Willingness to Pay (WTP) as the elicitation method to measure the non-use value among visitors and non-visitors of Taman Negara National Park (TNNP). This study also will answer questions; are there any differences in the WTP of various market segments, based on nationality, gender, age, education and income among visitors and non-visitors? This study found that there was a different between visitors and non-visitors willingness to pay. It also found that visitors and non-visitors market segments such as nationality,, income etc. are differed. Thus, information found in this study can be a fundamental source for park management in directing park pricing policy towards an efficient system. Although using WTP for this economic valuation cannot provide exact answers on the valuation of these natural resources, it can still provide a guideline on pricing strategy and give extra information for park management decisions, especially about park pricing. Thus, better decision-making processes can be practised if monetary values can be placed on these non-market goods.

scholarly journals Estimating the Recreational Value of the Abdanan Black Twin Lake: A Contingent Valuation Approach

2021 ◽  
Author(s):  
Ali Sayehmiri ◽  
Atefeh heidarvand
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Household Income ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Environmental Policies ◽  
Human Beings ◽  
Recreational Value ◽  
Valuation Method ◽  
Recreational Use

As one of the unique destinations in Iran, Abdanan Black Twin Lake attracts many tourists yearly. Among striking features is the presence of minerals, boiling springs, and its beautiful landscape. Human beings are willing to spend money on such natural resources. An economic valuation can be interfered constructively and positively in improving environmental policies. So, quantifying these benefits is of the utmost importance. The paper mainly estimated the tourists' willingness to pay and their recreational value using the contingent valuation method. Random sampling was conducted on 384 people using the two-dimensional double-choice questionnaire in spring 2019. In the Twin Lake Recreational Value Questionnaire, the main questions were devoted to the visitors' willingness to pay, with three bids of 0.07 $, 0.14 $, and 0.22$. Among 384 respondents, 304 (79%) were willing to pay for recreational use of the lake, and 80 respondents (21%) were not. The likelihood, the model's parameters were estimated. The findings indicated the average tourists' willingness to pay for recreational value was estimated at 0.09$ per visit and the recreational value of this lake for each household was estimated at 0.40$. The findings revealed the effect of education, household income, household size and tourists' willingness to pay was significant.

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.

Willingness-to-pay for Environmental Services Provided By Trees in Core and Fringe Areas of Benin City, Nigeria 1

2019 ◽  
Vol 21 (1) ◽  
pp. 23-36 ◽  
Author(s):  
O.J. Arabomen ◽  
P.W. Chirwa ◽  
F.D. Babalola
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Urban Trees ◽  
Environmental Services ◽  
Direct Argument ◽  
Policy Makers ◽  
Scenic Beauty ◽  
Benin City ◽  
Valuation Method

Economic valuation of environmental services has emerged as a new and more direct argument and incentive for protection of trees and sustenance of environmental quality. This study's aim was to estimate the monetary value for conservation of urban trees and environmental services in Benin City, Nigeria. A Contingent Valuation Method involving a survey of 350 residents was adopted for the study. Flooding and erosion control, scenic beauty, provision of shade and regulation of local temperature received positive rankings and high scores. Thus, an average of US$1.20/month, which yielded an aggregate value of US$1 200 000 to US$1 860 00, was the amount Benin City residents were willing to contribute towards the conservation of trees. This study identified profession, years of residency and indigenous knowledge of ES as significant predictors that can influence willingness-to-pay. The findings provided quantitative data to demonstrate the importance of conserving trees to town planners, forest managers, policy makers and the urban community.

scholarly journals Economic Valuation of Mangrove Restoration in Indonesia

2015 ◽  
Vol 16 (2) ◽  
pp. 121
Author(s):  
Djoko Suprapto ◽  
Mayanggita Kirana ◽  
Indah Susilowati ◽  
Akhmad Fauzi
Keyword(s):  
Willingness To Pay ◽  
Logit Model ◽  
Mangrove Forest ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Mangrove Restoration ◽  
Valuation Method ◽  
Factors Influencing ◽  
Local Awareness ◽  
Choice Method

Mangrove forest is one of the important ecosystems in Karimunjawa, Indonesia. It provides a variety of services both ecologically and economically. However, over-exploited activity, such as timber theft, can be threatening the sustainability of mangrove forest in Karimunjawa now and in the future. Thus, the improved management for mangrove forest is necessary to ensure its sustainability, and it is depending on how people value the conservation from economic and environment consideration. This study examines the factors influencing on the willingness to pay (WTP) of respondents for mangrove restoration in Karimunjawa. A total of 502 respondents were interviewed using census method. The method employed is Contingent Valuation Method (CVM)Single Bounded. In CVM, the logit model was defined based on dichotomous choice method to estimate the willingness-to-pay (WTP) randomly with three different starting bid value. Findings showed that local awareness of the importance of the values given by mangroves was popularized among local communities. The findings also indicated that respondents who are higher education and have more income were more likely to pay for the mangrove restoration.

scholarly journals Economic valuation of the ecosystem services provided by a protected area in the Brazilian Cerrado: application of the contingent valuation method

2017 ◽  
Vol 77 (4) ◽  
pp. 762-773 ◽  
Author(s):  
F. M. Resende ◽  
G. W. Fernandes ◽  
D. C. Andrade ◽  
H. D. Néder
Keyword(s):  
Ecosystem Services ◽  
Willingness To Pay ◽  
Contingent Valuation ◽  
Protected Area ◽  
National Park ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Anthropogenic Pressure ◽  
Serra Do Cipó ◽  
Valuation Method

Abstract Considering that the economic valuation of ecosystem services is a useful approach to support the conservation of natural areas, we aimed to estimate the monetary value of the benefits provided by a protected area in southeast Brazil, the Serra do Cipó National Park. We calculated the visitor’s willingness to pay to conserve the ecosystems of the protected area using the contingent valuation method. Located in a region under intense anthropogenic pressure, the Serra do Cipó National Park is mostly composed of rupestrian grassland ecosystems, in addition to other Cerrado physiognomies. We conducted a survey consisting of 514 interviews with visitors of the region and found that the mean willingness to pay was R$ 7.16 year–1, which corresponds to a total of approximately R$ 716,000.00 year–1. We detected that per capita income, the household size, the level of interest in environmental issues and the place of origin influenced the likelihood that individuals are willing to contribute to the conservation of the park, as well as the value of the stated willingness to pay. This study conveys the importance of conserving rupestrian grassland and other Cerrado physiognomies to decision makers and society.

scholarly journals Economic valuation in selective solid waste collection

2018 ◽  
Vol 9 (3) ◽  
pp. 171-184
Author(s):  
Anny Kariny Feitosa ◽  
Júlia Elisabete Barden ◽  
Odorico Konrad ◽  
Manuel Arlindo Amador Matos
Keyword(s):  
Willingness To Pay ◽  
Solid Waste ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Probit Model ◽  
Marginal Effect ◽  
Waste Collection ◽  
Solid Waste Collection ◽  
Valuation Method ◽  
Selective Collection

This article aims to estimate the economic valuation of selective solid waste collection in the city of Juazeiro do Norte, Ceará, Northeast of Brazil, through the Contingent Valuation Method, presenting the average Willingness to Pay (WTP) of the respondents. Besides, it identifies the variables that influence WTP. The study involved bibliographical research and fieldwork, with 360 interviews, qualitative data analysis and statistical analysis of variables, through binary regression, using a probit model (probability unit), using STATA 11. It was found that 91.94% of the respondents recognize that selective collection contributes to the reduction of pollution, but only 37.50% would be willing to pay for the referred collection. Concerning the respondents with positive WTP, the average monthly WTP found was R$ 15.70. The higher or lower willingness to pay for the referred services was related to the variables gender, income and education. Based on the marginal effect, the variables with greater influence on WTP for selective collection in this study were gender (17.44%) and education (16.86%).

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