Eliciting environmental preferences of Ghanaians in the laboratory: An incentive-compatible experiment

Yael Meroz, Andrea Morone () and Piergiuseppe Morone ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we aim to look into the attributes of Ghanaians’ willingness-to-pay for green products. This would help us to assess whether Ghanaians show a preference towards environmental goods. The methodology employed to address these issues is an ‘experimentally-adapted’ CV survey which involves laboratory experiment conducted among Ghanaian University students. Notwithstanding the limitations arising from the sample used in our experiment (most notably University students do not represent, economically wise, the entire Ghanaian population), we believe that our investigation provides a first answer to such question as 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: O10 Q56 C91 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-afr, nep-cbe, nep-dcm, nep-env, nep-exp and nep-upt
Date: 2009-09-04
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:17107

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