Eliciting environmental preferences of Ghanaians in the laboratory: An incentive-compatible experiment
AbstractIn this paper we aim to look into the attributes of Ghanaians’ willingness-to-pay for green products. This would help us to assess whether Ghanaians show a preference towards environmental goods. The methodology employed to address these issues is an ‘experimentally-adapted’ CV survey which involves laboratory experiment conducted among Ghanaian University students. Notwithstanding the limitations arising from the sample used in our experiment (most notably University students do not represent, economically wise, the entire Ghanaian population), we believe that our investigation provides a first answer to such question as Ghanaians consistently show that they are willing to pay an extra premium for green products.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 17107.
Date of creation: 04 Sep 2009
Date of revision:
contingent valuation; experiment; incentive-compatible; Ghana; organic products; willingness to pay;
Find related papers by JEL classification:
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-11 (All new papers)
- NEP-CBE-2009-09-11 (Cognitive & Behavioural Economics)
- NEP-DCM-2009-09-11 (Discrete Choice Models)
- NEP-ENV-2009-09-11 (Environmental Economics)
- NEP-EXP-2009-09-11 (Experimental Economics)
- NEP-UPT-2009-09-11 (Utility Models & Prospect Theory)
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