CONTRIBUTION TO ENVIRONMENTAL CONTINGENT VALUATION – METHODOLOGY AND CASE STUDY

Dimitris F. Batzias
Additional contact information
Dimitris F. Batzias: Department of Industrial Management and Technology, University of Piraeus, Karaoli & Dimitriou 80, 18534, Piraeus, Greece

Chapter 66 in Marketing and Management Sciences, 2010, pp 379-385 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThis work deals with environmental contingent valuation in polluted areas, where people and stakeholders do not consider environmental quality as a tradable good. A methodology has been developed under the form of an algorithmic procedure, including 12 activity stages and 4 decision nodes, for the estimation of willingness to pay/accept (WTP/WTA) by surveying affected individuals so that conclusions can be reached as regards the attitude of total population. A case study is presented concerning contingent valuation in an area polluted by an olive pomace oil mill. The extremely great disparity (to an extent that has not been reported in economic literature so far) found between WTA and WTP values is attributed to the different logical basis taken into consideration, when each of these two measures is assessed, as it was found by a post-survey discussion with the participants.

Keywords: Management, Organizational Behavior, Marketing; Negotiation, Dynamic Models, International Business, Strategic Business, Human Resource, (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9781848165106_0066 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9781848165106_0066 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9781848165106_0066

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().