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Protection Motivation Theory and Contingent Valuation: Perceived Realism, Threat and WTP Estimates for Biodiversity Protection

  • Riccardo Scarpa

    (University of York)

  • Susanne Menzel

    (University of Goettingen and University of York)

We report on a discrete-choice CV study conducted in Germany to value the WTP for biodiversity protection in less developed countries. To systematically investigate survey realism and subjective threat assessment from the loss of biodiversity described in the scenario the study includes questions to uncover the constructs of Protection Motivation Theory, which is introduced to the CV literature. The patterns of responses to such questions are analysed using an Expectation-Maximization algorithm to derive class membership probabilities. These are found to match the predictions of Protection Motivation Theory and systematically improve the logistic analysis of the WTP responses.

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Paper provided by Fondazione Eni Enrico Mattei in its series Working Papers with number 2005.26.

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Date of creation: Feb 2005
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Handle: RePEc:fem:femwpa:2005.26
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