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Are Stated Preferences Sensitive to Funding Sources? A Tax Reallocation Scheme to Value Marine Restoration

Author

Listed:
  • Paulo Nunes

    (FEEM, Italy)

  • Phoebe Koundouri

    (Dept. of International and European Economic Studies, Athens University of Economics and Business)

  • Fikret Adaman
  • Kyriaki Remoundou

Abstract

This paper uses a tax revenues reallocation scheme as the payment vehicle in a choice experiment to value marine restoration in the Black Sea. Two reallocation treatments are administered; one proposing to reduce current public expenditures on renewable energy projects and the other, the training budget for civil servants. We examine the sensitivity of preferences and valuation estimates to the budget source used to finance the restoration program. Results reveal that preferences and marginal rates of substitution significantly differ between the two treatments. In the civil servants� budget reallocation treatment, the reallocation coefficient is positive, implying that redistribution is utility-enhancing.

Suggested Citation

  • Paulo Nunes & Phoebe Koundouri & Fikret Adaman & Kyriaki Remoundou, 2011. "Are Stated Preferences Sensitive to Funding Sources? A Tax Reallocation Scheme to Value Marine Restoration," DEOS Working Papers 1102, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:1102
    as

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    File URL: http://wpa.deos.aueb.gr/docs/BlackSeaPaper.doc
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