XML FeedsEliciting environmental preferences of Ghanaians in the laboratory: An incentive-compatible experiment
By CostBenefit on Nov 9, 2009 | In General, Africa, Academic Study/Journal Article, Agriculture, Forestry and Food, Contingent Valuation, Surveys,.., Environmental Economics / Ecological Economics, Costs and Benefits, Free Report at Time of Entry | Send feedback »
Link: http://mpra.ub.uni-muenchen.de/17107/
Abstract: In this paper Yael Meroz, Andrea Morone, and Piergiuseppe Morone aim to look into the attributes of Ghanaians’ willingness-to-pay for green products. This would help ... assess whether Ghanaians show a preference towards environmental goods. The methodology employed to address these issues is an ‘experimentally-adapted’ CV survey which involves laboratory experiment conducted among Ghanaian University students. Notwithstanding the limitations arising from the sample used in the experiment (most notably University students do not represent, economically wise, the entire Ghanaian population), they believe that the investigation provides a first answer to such question as Ghanaians consistently show that they are willing to pay an extra premium for green products.
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The data shows that in 13 out of 19 cases subjects exhibit a preference for organic goods. This finding suggests that almost 68.5 percent of the players that took part at the experiment expressed a preference for environmentally-friendly goods (i.e. organic bananas). This awareness to environmental issues results in the willingness to pay, on average, 20 percent 17 We do this by means of OLS estimates more for green products. If we consider the premium only for those subjects who have stated a preference for green products, than the figure goes up to around 35 percent.
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A second treatment found that almost 58 percent of the experimental subjects displayed a preference for organic products, out of which 36.84 percent showed a persistent preference for organic products (i.e. regardless of the number of extra nonorganic bananas offered during the experiment).
by Yael Meroz, Andrea Morone, and Piergiuseppe Morone
Munich Personal REPEC archive via REPEC Research Papers in Economics
MPRA Paper No. 17107; September 4, 2009
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