Does institutional context affect preference formation? Evidence from a stated preference valuation study

Kyriaki Remoundou, Yiannis Kountouris and Phoebe Koundouri ()

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper we employ a choice experiment to test the effect of the institution responsible for the management of an environmental good, on stated preferences. Specifically, we examine whether respondents’ valuation of a forest restoration program in Greece is different under (a) European Commission and (b) National State management. Following a split sample approach and accounting for preference heterogeneity, we find that the institutional context is neutral to preference formation for the environmental good in question although there are significant differences in the trust levels reported for the two institutions considered.

Keywords: choice experiment; preference formation; institutional context; forest fires (search for similar items in EconPapers)
JEL-codes: H4 H50 (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/122495/1/MPRA_paper_122495.pdf original version (application/pdf)

Related works:
Working Paper: Does institutional context affect preference formation? Evidence from a stated preference valuation study (2010)
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:pra:mprapa:122495

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().