The influence of decision-making rules on individual preference for ecological restoration: Evidence from an experimental survey
AbstractWe conduct an experimental survey to analyze how rules for collective decision-making influence individual preferences concerning nature restoration projects. Our study compares two decision-making rules - a consensus rule and a majority rule - wherein participants decide on a plan concerning 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 InfoPaper provided by Graduate School of Economics, Kobe University in its series Discussion Papers with number 0820.
Length: 12 pages
Date of creation: Oct 2008
Date of revision:
Other versions of this item:
- Ito, Nobuyuki & Takeuchi, Kenji & Kuriyama, Koichi & Shoji, Yasushi & Tsuge, Takahiro & Mitani, Yohei, 2009. "The influence of decision-making rules on individual preferences for ecological restoration: Evidence from an experimental survey," Ecological Economics, Elsevier, vol. 68(8-9), pages 2426-2431, June.
- NEP-ALL-2009-01-31 (All new papers)
- NEP-CDM-2009-01-31 (Collective Decision-Making)
- NEP-ENV-2009-01-31 (Environmental Economics)
- NEP-EXP-2009-01-31 (Experimental Economics)
- NEP-POL-2009-01-31 (Positive Political Economics)
- NEP-PPM-2009-01-31 (Project, Program & Portfolio Management)
- NEP-UPT-2009-01-31 (Utility Models & Prospect Theory)
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