The influence of decision-making rules on individual preference for ecological restoration: Evidence from an experimental survey

Nobuyuki Ito, Kenji Takeuchi (), Koichi Kuriyama, Yasushi Shoji, Takahiro Tsuge and Yohei Mitani
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Nobuyuki Ito: Graduate School of Economics, Kobe University
Koichi Kuriyama: School of Political Science and Economics, Waseda University
Yasushi Shoji: Graduate School of Agriculture, Hokkaido University
Takahiro Tsuge: Faculty of Economics, Konan University
Yohei Mitani: School of Political Science and Economics, Waseda University

No 820, Discussion Papers from Graduate School of Economics, Kobe University

Abstract: We conduct an experimental survey to analyze how rules for collective decision-making influence individual preferences concerning nature restoration projects. Our study compares two decision-making rules - a consensus rule and a majority rule - wherein participants decide on a plan concerning nature restoration in the Kushiro Wetland, Japan. Our main finding is that the difference between the individual preferences and collective decision-making is less significant under the consensus rule than the majority rule. Furthermore, there is a larger disparity with regard to the marginal willingness to pay between collective and individual decisions when participants are unsatisfied with the results of collective choice.

New Economics Papers: this item is included in nep-cdm, nep-env, nep-exp, nep-pol, nep-ppm and nep-upt
Date: 2008-10
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http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2008/0820.pdf First version, 2008 (application/pdf)

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Journal Article: The influence of decision-making rules on individual preferences for ecological restoration: Evidence from an experimental survey (2009)
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