Estimates of willingness to pay (WTP) for health, environmental, and other goods obtained using contingent valuation (CV) have been criticized as inadequately sensitive to the scope or magnitude of the good. We investigate the sensitivity of WTP to variation in the magnitude of reductions in health risk using survey data collected in two countries, Taiwan and the United States, that differ dram...

This study is an attempt to overcome the lack of reliable estimates on the willingness of Malaysian users to pay for public transportation (particularly buses) through a combined analysis of a fuzzy analytical hierarchy process (F-AHP) and the Taguchi method. This is a ground-breaking study in the attempt to evaluate the bus users’ satisfaction factors based on the F-AHP, and find the pattern f...

This paper examines the determinants of the decision of low-income renters to move out of their current dwelling. Maximum score estimation is shown t be superior to ordinary discrete choice estimation techniques (probit, logit) for this problem, ad for similar discrete choices that require revering a previously optimal decision. The estimation reveals psychological costs f moving for typical lo...

Cultural ecosystem service (CES) constitutes a growing field of researches in integrated land planning, among which is how to optimize the provision to nearby neighborhoods. Thus an understanding of the value of CES appreciated by residents needs to be developed. Stated preference methods are popular in valuing CES, among which, willingness to pay (WTP) is the most widely used way. But still, i...

energy policy making in the third millennium is summarized in three areas. the first area: moving toward the use of renewable, clean and environment compatible energy, the second area: restructuring in the energy sector, to make it competitive, & finally, the third area is: increasing efficiency in energy consumption. power industry as a growing sub-section of energy sector, especially in recen...

Protest bids are often excluded during analysis of contingent valuation method data. It is suggested that this procedure might introduce significant bias. Protest bids are often registered by respondents who may actually place a higheror lower-than-average value on the commodity in question but refuse to pay on the basis of ethical or other reasons, Exclusion of protest bids may therefore bias ...

Animal welfare is often cited as a classic public good, which implies market failure and, thus, that government intervention is required. However, the current literature does not provide an accessible account of how governed markets are supposed to cope with the issues of animal welfare. This paper seeks to fill this gap by re-considering the political economy of animal welfare. Conceptual anal...

The present study surveyed a UK representative sample of 500 individuals and employed the Choice Experiment (CE) to elicit the UK public’s views on the management of stray dogs and people’s willingness to pay (WTP) to reduce the current euthanasia rate. The results revealed that people have an emotional bonding with companion animals and are willing to pay to reduce the current euthanasia rate....

Background Willingness to pay (WTP) is one of important economic value. Application of this evaluation method in health care at present is becoming popular. However, it is very important for researcher to take into account the strengths and weaknesses of such method when it is used on the respondents. The purpose of this review was to identify economic evaluation methods and tools that had been...