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Uncertainty in Individuals' Preferences for Non-commodity Outputs Provided by Rural Development Programs (RDPs): A Contingent Valuation Approach

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  • Dominguez-Torreiro, Marcos
  • Solino, Mario

Abstract

Rural development programs (RDPs) are currently envisaged as a means to foster the provision of a broad range of non-commodity outputs emanating from multifunctional rural environments. This paper presents a Contingent Valuation survey that analyses individuals’ perceptions of and willingness to pay (WTP) for the implementation of a RDP in Cantabria, Spain. Uncertainty in individuals’ preferences is explicitly acknowledged and introduced into our analytical framework. For that purpose, a comparison is made between the open-ended (OE) and the multiple bounded uncertainty (MBU) elicitation formats. According to our behavioural model estimates, the expectation of a positive welfare change for both rural and urban dwellers constitutes a sound argument in favour of regional rural development policies.

Suggested Citation

  • Dominguez-Torreiro, Marcos & Solino, Mario, 2011. "Uncertainty in Individuals' Preferences for Non-commodity Outputs Provided by Rural Development Programs (RDPs): A Contingent Valuation Approach," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114437, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae11:114437
    DOI: 10.22004/ag.econ.114437
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    Cited by:

    1. Hilary Ndambiri & Eric Mungatana & Roy Brouwer, 2017. "Scope effects of respondent uncertainty in contingent valuation: evidence from motorized emission reductions in the city of Nairobi, Kenya," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 60(1), pages 22-46, January.

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    Keywords

    Agricultural and Food Policy;

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