Temporal stability of WTP estimates in labeled and unlabeled choice experiment for emissions reduction options, Queensland, Australia

Galina Williams ()
Additional contact information
Galina Williams: CQUniversity

Environmental Economics and Policy Studies, 2022, vol. 24, issue 4, No 3, 533-550

Abstract: Abstract Estimates of non-market values are valuable for policy makers. However, evidence of the stability of value estimates over long timeframes is limited. That can reduce the usefulness of such values in benefit transfer over time. Furthermore, the values might be affected by the choice of presentation of alternatives (e.g., labeled versus unlabeled). Most of the literature comparing the willingness-to-pay (WTP) estimates lacks an investigation of temporal stability for labeled and unlabeled alternatives. In this case study, the temporal stability of WTP estimates for emissions reduction has been assessed for labeled and unlabeled alternatives. Emissions reduction, certainty of emissions reduction and the options for emissions reductions such as green power, efficient technologies and carbon capture were used to identify respondents’ WTP. The results show that WTP has changed significantly over the course of 10 years. The case study identified that WTP was larger for labeled alternatives than for unlabeled alternatives. The results indicate that WTP estimated from unlabeled alternatives may be more sensitive to temporal effects than labeled alternatives.

Keywords: Discrete choice experiment; Emissions reduction; Temporal stability; Willingness to pay; WTP (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10018-021-00336-4 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:envpol:v:24:y:2022:i:4:d:10.1007_s10018-021-00336-4

Ordering information: This journal article can be ordered from
http://www.springer. ... mental/journal/10018

DOI: 10.1007/s10018-021-00336-4

Access Statistics for this article

Environmental Economics and Policy Studies is currently edited by Ken-Ichi Akao

More articles in Environmental Economics and Policy Studies from Springer, Society for Environmental Economics and Policy Studies - SEEPS Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().