Eliciting environmental preferences of Ghanaians: An experimental approach

Yael Meroz (), Andrea Morone () and Piergiuseppe Morone ()
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Yael Meroz: University of Foggia

No 2007-071, Jena Economic Research Papers in Economics from Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek

Abstract: In this paper we aim - through an 'experimentally-adapted' Contingent Valuation survey - to look into the attributes of Ghanaians' willingness-to-pay for green products. This would help us addressing two main issues: first, from a theoretical point of view, we shall assess whether Ghanaians show a preference towards environmental goods - hence, countering the 'too poor to be green' argument. Secondly, from a methodological point of view, we shall try to see if the incentive compatible CV analysis provides a good measurement of subjects' willingness-to-pay for environmental premium. Our investigation provides an answer to both issues, showing how using an incentive compatible experiment produces, in the case of Ghana, reliable results and that Ghanaians consistently show that they are willing to pay an extra premium for green products.

Keywords: contingent valuation; experiment; incentive-compatible; Ghana; organic products; willingness to pay. (search for similar items in EconPapers)
JEL-codes: C9 Q5 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-agr, nep-cbe, nep-env and nep-exp
Date: Written

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Persistent link: http://EconPapers.repec.org/RePEc:jrp:jrpwrp:2007-071

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