Willingness to Pay for Sponge City Project Initiatives in Bangkok

Saowaluk Srinark,Suwanna Praneetvatakul,Kobkiat Pongput ()
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Saowaluk Srinark,Suwanna Praneetvatakul,Kobkiat Pongput: Department of Agricultural and Resource Faculty of Economics,Kasetsart University

No 201805, Working Papers from Kasetsart University, Department of Agricultural and Resource Economics

Abstract: Urban flooding crisis in Bangkok plays an important role in the lives of people. Sponge City is a concept to alleviate the problem. The paper aims to estimate the willingness to pay of people in Bangkok to initiate a Sponge City project. According to a study of 300 respondents by the Contingent Valuation Method (CVM). The results show that the average of willingness to pay for Sponge city per person is 145 – 158 baht. Furthermore, the factors that contributed to the willingness to pay for the project were the initial bid and the opinion on the future flooding problem. The results indicate that the socio-economic characteristics including anxiety is important in carrying out activities for people to participate. Therefore, to enhance people participation in the Sponge city, the project should start during the period of economic expansion or launch in the areas with high demand or good economic zones. As well, policy makers should promote the project through various channels and should promote to make people aware of the problem.

Keywords: Sponge City; Willingness to Pay; Bangkok (search for similar items in EconPapers)
JEL-codes: Q25 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2018-09, Revised 2018-09
New Economics Papers: this item is included in nep-env
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Published in ARE Working Paper No. 2561/3 (September 2018)

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