Mangroves and economic development in Tobago: incorporating payment horizons, choice certainty and ex-post interviews in discrete choice experiments

Niko Howai, Kelvin Balcombe and Elizabeth Robinson

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Governments have long faced potential trade-offs between economic development and protecting nature. This is particularly true for tropical and sub-tropical islands where most mangroves are found. Motivated by Trinidad and Tobago’s central government’s prior hotel development plans, we employ a discrete choice experiment (DCE) to investigate residents’ preferences for mangrove ecosystem services (ES) in the Bon Accord Lagoon and Buccoo Bay, Tobago. Preferences were investigated in the context of a trade-off between conserving mangroves and promoting economic development through a hypothetical hotel project in the study area. We use a Hierarchical Bayesian Logit Model, exploring two distinct payment horizons, 5 and 25-years, undertaken independently and also merged in models that allow for choice certainty and individual characteristics. We find that respondents have consistent willingness-to-pay (WTP) for mangrove ES and exhibit general insensitivity to the payment horizons due to perceived disbenefits associated with mangrove loss from hotel development. The DCE and ex-post (follow-up) interviews suggest that there is strong public support for policies aimed at long-term protection of mangroves

Keywords: discrete choice experiment; ecosystem services; payment horizons; choice certainty; ex-post interviews; Hierarchical Bayesian Logit; mangroves (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2025-05-31
New Economics Papers: this item is included in nep-dcm and nep-exp
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Published in Ecological Economics, 31, May, 2025, 236. ISSN: 0921-8009

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:128167

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