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Willingness to Pay for Sponge City Project Initiatives in Bangkok

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  • Saowaluk Srinark,Suwanna Praneetvatakul,Kobkiat Pongput

    (Department of Agricultural and Resource Faculty of Economics,Kasetsart University)

Abstract

Urban flooding crisis in Bangkok plays an important role in the lives of people. Sponge City is a concept to alleviate the problem. The paper aims to estimate the willingness to pay of people in Bangkok to initiate a Sponge City project. According to a study of 300 respondents by the Contingent Valuation Method (CVM). The results show that the average of willingness to pay for Sponge city per person is 145 – 158 baht. Furthermore, the factors that contributed to the willingness to pay for the project were the initial bid and the opinion on the future flooding problem. The results indicate that the socio-economic characteristics including anxiety is important in carrying out activities for people to participate. Therefore, to enhance people participation in the Sponge city, the project should start during the period of economic expansion or launch in the areas with high demand or good economic zones. As well, policy makers should promote the project through various channels and should promote to make people aware of the problem.

Suggested Citation

  • Saowaluk Srinark,Suwanna Praneetvatakul,Kobkiat Pongput, 2018. "Willingness to Pay for Sponge City Project Initiatives in Bangkok," Working Papers 201805, Kasetsart University, Department of Agricultural and Resource Economics, revised Sep 2018.
    • Handle: RePEc:kau:wpaper:201805
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    File URL: http://agri.eco.ku.ac.th/RePEc/kau/wpaper/are201805.pdf
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    More about this item

    Keywords

    Sponge City; Willingness to Pay; Bangkok;
    All these keywords.

    JEL classification:

    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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