Erosive runoff and citizen well-being

Ruissellement érosif et bien-être des citoyens

Dimitri Laroutis () and Patrice Lepelletier ()
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Dimitri Laroutis: Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School
Patrice Lepelletier: UniLaSalle

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Abstract: Through the implementation of the contingent valuation method (CVM), the authors seek to reveal individuals' willingness to pay for a reduction of the risk of erosive runoff in the Commerce Valley (Upper Normandy). A survey was conducted among 221 individuals. One of the goals of this study is to propose a new method to improve the estimation of willingness to pay in the framework of the CVM. This alternative estimator appears to reveal a WTP lower than the actual WTP, but more accurate in individual WTP forecasts than the use of a tobit model. The results also suggest that while the tobit's forecasts overstate the WTP, their alternative estimator undervalues it.

Keywords: Contingent valuation; Score function; Willingness to pay; Runoff; Consentement à payer; Estimation; Evaluation contingente; Fonction de score; Modèle de prévision (search for similar items in EconPapers)
Date: 2021
Note: View the original document on HAL open archive server: https://hal.science/hal-04379104v1
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Published in Économie rurale, 2021, janvier-mars (375), pp.7-24

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04379104

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