Comparing Welfare Estimates from Fixed Status Quo Attributes vs People’s Perceived Attributes of Water Quality

Dan Marsh and Lena Mkwara

No 97155, 2009 Conference, August 27-28, 2009, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: Data from a choice experiment on the community’s preferences for water quality improvements in streams was used to assess the effect of using a fixed status quo versus people’s perceived status quo on willingness to pay values. More than 50% of respondents perceived the quality of water in streams to be different to the status quo in the initial experimental design. Study results have shown that respondents who opted for their own perceived status quo alternative had stronger preferences and higher willing to pay for water quality improvements than their counterparts.

Keywords: Agricultural and Food Policy; Community/Rural/Urban Development; Crop Production/Industries; Environmental Economics and Policy; Farm Management; Health Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 25
Date: 2009-08
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar09:97155

DOI: 10.22004/ag.econ.97155

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