Eliciting environmental preferences of Ghanaians: An experimental approach
AbstractIn this paper we aim - through an 'experimentally-adapted' Contingent Valuation survey - to look into the attributes of Ghanaians' willingness-to-pay for green products. This would help us addressing two main issues: first, from a theoretical point of view, we shall assess whether Ghanaians show a preference towards environmental goods - hence, countering the 'too poor to be green' argument. Secondly, from a methodological point of view, we shall try to see if the incentive compatible CV analysis provides a good measurement of subjects' willingness-to-pay for environmental premium. Our investigation provides an answer to both issues, showing how using an incentive compatible experiment produces, in the case of Ghana, reliable results and that Ghanaians consistently show that they are willing to pay an extra premium for green products.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2007-071.
Date of creation: 25 Sep 2007
Date of revision:
contingent valuation; experiment; incentive-compatible; Ghana; organic products; willingness to pay.;
Find related papers by JEL classification:
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
This paper has been announced in the following NEP Reports:
- NEP-AFR-2007-10-06 (Africa)
- NEP-AGR-2007-10-06 (Agricultural Economics)
- NEP-ALL-2007-10-06 (All new papers)
- NEP-CBE-2007-10-06 (Cognitive & Behavioural Economics)
- NEP-ENV-2007-10-06 (Environmental Economics)
- NEP-EXP-2007-10-06 (Experimental Economics)
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