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Individuals' valuation of a publicly provided private good evidence from a field study

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  • Christian Spindler
  • Jalal Dehnavi
  • Franz Wirl

Abstract

This paper assesses the Willingness to Pay (WTP) for a publicly provided bike sharing service whose costs are in large part covered by the municipality of Vienna, Austria. The following characteristics render it valuable for analyses: the possibility to free ride, a (perceived) positive externality of use, negligible income effects, perfect substitutability, and the credibility of valuation scenarios. We also address the disparity between Willingness to Accept (WTA) and WTP, and we find a mean WTP of EUR 1.2 for the bike sharing system and a disparity of 2:1 (WTA to WTP). Female participants as well as respondents who condition their valuation on those of others are willing to contribute more; and surprisingly those who actually use the bike sharing system as well as environmentally concerned respondents have a lower WTP. This Environmental Concern Paradox can be explained by an incorporation of positive externalities into individual valuation decisions.

Suggested Citation

  • Christian Spindler & Jalal Dehnavi & Franz Wirl, 2019. "Individuals' valuation of a publicly provided private good evidence from a field study," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 8(1), pages 90-108, January.
    • Handle: RePEc:taf:teepxx:v:8:y:2019:i:1:p:90-108
    DOI: 10.1080/21606544.2018.1509734
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