The influence of decision-making rules on individual preferences for ecological restoration: Evidence from an experimental survey
AbstractWe conduct an experimental survey to analyze how rules for collective decision-making influence individual preferences regarding nature restoration plans. Our study compares two decision-making rules--a consensus rule and a majority rule--wherein participants decide on a plan regarding nature restoration in the Kushiro Wetland, Japan. Our main finding is that the difference between the individual preferences and collective decision-making is less significant under the consensus rule than the majority rule. Furthermore, there is a larger disparity with regard to the marginal willingness to pay between collective and individual decisions when participants are unsatisfied with the results of collective choice.
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Bibliographic InfoArticle provided by Elsevier in its journal Ecological Economics.
Volume (Year): 68 (2009)
Issue (Month): 8-9 (June)
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Web page: http://www.elsevier.com/locate/ecolecon
Participatory approaches Decision-making rules Stated preference Environmental valuation Ecological restoration;
Other versions of this item:
- Nobuyuki Ito & Kenji Takeuchi & Koichi Kuriyama & Yasushi Shoji & Takahiro Tsuge & Yohei Mitani, 2008. "The influence of decision-making rules on individual preference for ecological restoration: Evidence from an experimental survey," Discussion Papers 0820, Graduate School of Economics, Kobe University.
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