IDEAS home Printed from https://ideas.repec.org/a/cup/endeec/v25y2020i5p482-508_4.html
   My bibliography  Save this article

Time equals money? Valuing ecosystem-based adaptation in a developing country context

Author

Listed:
  • Hagedoorn, Liselotte C.
  • Koetse, Mark J.
  • van Beukering, Pieter J. H.
  • Brander, Luke M.

Abstract

To guide investments in ecosystem-based adaptation (EbA) in developing countries, numerous stated preference valuation studies have been implemented to assess the value of ecosystem services. These studies increasingly use time payments as an alternative to money. There is limited knowledge, however, about how to convert time to money and how the type of payment affects willingness to pay (WTP). In this study, the results of choice experiments using time and money payments are compared in the context of EbA measures in Vietnam. Six, of which five individual-specific, conversion rates are applied. WTP estimates are found to be higher for time payments. Moreover, the type of payment vehicle as well as the conversion rate has substantial effect on mean WTP and WTP distributions. We discuss implications of these results for the conversion of time to money and the use of resulting WTP estimates in cost benefit analyses in developing countries.

Suggested Citation

  • Hagedoorn, Liselotte C. & Koetse, Mark J. & van Beukering, Pieter J. H. & Brander, Luke M., 2020. "Time equals money? Valuing ecosystem-based adaptation in a developing country context," Environment and Development Economics, Cambridge University Press, vol. 25(5), pages 482-508, October.
  • Handle: RePEc:cup:endeec:v:25:y:2020:i:5:p:482-508_4
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1355770X20000108/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hagedoorn, L.C. & Bubeck, P. & Hudson, P. & Brander, L.M. & Pham, M. & Lasage, R., 2021. "Preferences of vulnerable social groups for ecosystem-based adaptation to flood risk in Central Vietnam," World Development, Elsevier, vol. 148(C).
    2. Li, Liqing & Long, Dede, 2022. "Household Preference for Impure Public Goods - an Application of Community Gardens," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322142, Agricultural and Applied Economics Association.
    3. Sem J. Duijndam & W. J. Wouter Botzen & Liselotte C. Hagedoorn & Philip Bubeck & Toon Haer & My Pham & Jeroen C. J. H. Aerts, 2023. "Drivers of migration intentions in coastal Vietnam under increased flood risk from sea level rise," Climatic Change, Springer, vol. 176(2), pages 1-22, February.
    4. Zawojska, Ewa & Gastineau, Pascal & Mahieu, Pierre-Alexandre & Cheze, Benoit & Paris, Anthony, 2021. "Measuring policy consequentiality perceptions in stated preference surveys," 2021 Annual Meeting, August 1-3, Austin, Texas 313977, Agricultural and Applied Economics Association.
    5. Hagedoorn, Liselotte C. & Koetse, Mark J. & van Beukering, Pieter J.H. & Brander, Luke M., 2021. "Reducing the finance gap for nature-based solutions with time contributions," Ecosystem Services, Elsevier, vol. 52(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:endeec:v:25:y:2020:i:5:p:482-508_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/ede .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.