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The influence of decision-making rules on individual preferences for ecological restoration: Evidence from an experimental survey

  • Ito, Nobuyuki
  • Takeuchi, Kenji
  • Kuriyama, Koichi
  • Shoji, Yasushi
  • Tsuge, Takahiro
  • Mitani, Yohei

We conduct an experimental survey to analyze how rules for collective decision-making influence individual preferences regarding nature restoration plans. Our study compares two decision-making rules--a consensus rule and a majority rule--wherein participants decide on a plan regarding 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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Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 68 (2009)
Issue (Month): 8-9 (June)
Pages: 2426-2431

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Handle: RePEc:eee:ecolec:v:68:y:2009:i:8-9:p:2426-2431
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolecon

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