Nobuyuki Ito (Graduate School of Economics, Kobe University) Kenji Takeuchi () (Graduate School of Economics, Kobe University) Koichi Kuriyama (School of Political Science and Economics, Waseda University) Yasushi Shoji (Graduate School of Agriculture, Hokkaido University) Takahiro Tsuge (Faculty of Economics, Konan University) Yohei Mitani (School of Political Science and Economics, Waseda University)
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We 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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Paper provided by Graduate School of Economics, Kobe University in its series Discussion Papers with number
0820.
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