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Effect Of Risk Perception On Willingness To Pay For Improved Water Quality

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  • Sukharomana, Renu
  • Supalla, Raymond J.

Abstract

A CVM survey of WTP for water quality was conducted in October 1997. Findings suggest that WTP depends logically on risk perceptions and, thus, on the amount of water quality being purchased. However, erroneous subjective risk opinions were found to bias WTP downward.

Suggested Citation

  • Sukharomana, Renu & Supalla, Raymond J., 1998. "Effect Of Risk Perception On Willingness To Pay For Improved Water Quality," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20869, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20869
    DOI: 10.22004/ag.econ.20869
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    References listed on IDEAS

    as
    1. Cameron, Trudy Ann & James, Michelle D, 1987. "Efficient Estimation Methods for "Closed-ended' Contingent Valuation Surveys," The Review of Economics and Statistics, MIT Press, vol. 69(2), pages 269-276, May.
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    3. Hanemann, W. Michael & Kanninen, Barbara, 1996. "The Statistical Analysis Of Discrete-Response Cv Data," CUDARE Working Papers 25022, University of California, Berkeley, Department of Agricultural and Resource Economics.
    4. Johansson,Per-Olov, 1993. "Cost-Benefit Analysis of Environmental Change," Cambridge Books, Cambridge University Press, number 9780521447928.
    5. Michael Hanemann & John Loomis & Barbara Kanninen, 1991. "Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1255-1263.
    6. Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September.
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    Cited by:

    1. Lei Huang & Yuting Han & Ying Zhou & Heinz Gutscher & Jun Bi, 2013. "How Do the Chinese Perceive Ecological Risk in Freshwater Lakes?," PLOS ONE, Public Library of Science, vol. 8(5), pages 1-12, May.
    2. Uberta Ganucci Cancellieri & Giulia Amicone & Lavinia Cicero & Alessandro Milani & Oriana Mosca & Marialetizia Palomba & Simonetta Mattiucci & Marino Bonaiuto, 2023. "Can Food Safety Practices and Knowledge of Raw Fish Promote Perception of Infection Risk and Safe Consumption Behavior Intentions Related to the Zoonotic Parasite Anisakis ?," Sustainability, MDPI, vol. 15(9), pages 1-16, April.
    3. Anne Wambui Mumbi & Tsunemi Watanabe, 2021. "Willingness to Pay and Participate in Improved Water Quality by Lay People and Factory Workers: A Case Study of River Sosiani, Eldoret Municipality, Kenya," Sustainability, MDPI, vol. 13(4), pages 1-30, February.

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