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

Riccardo Scarpa () and Susanne Menzel
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Susanne Menzel: University of Goettingen and University of York

No 2005.26, Working Papers from Fondazione Eni Enrico Mattei

Abstract: 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.

Keywords: Biodiversity valuation; Protection motivation theory; Latent class analysis; Expectation-Maximization algorithm; Contingent valuation (search for similar items in EconPapers)
JEL-codes: Q2 D6 C42 C25 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm and nep-env
Date: 2005-02
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Persistent link: http://EconPapers.repec.org/RePEc:fem:femwpa:2005.26

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