Through a survey the authors study
willingness to pay for improvements in air quality in Sofia,
Bulgaria. Using a stochastic payment car approach - asking
respondents the likelihood that they would agree to pay a
series of prices - they estimate the distribution of
willingness to pay various prices. They find that people in
Sofia are willing to pay up to about 4.2 percent of their
income for a program to improve air quality. The income
elasticity of willingness to pay for air quality improvements is about 27 percent. For comparison, they also used the referendum contingent valuation approach. Results
from that approach yielded a higher estimate of willingness
to pay.
Bibliographic Details
| Main Authors: |
Wang, Hua,
Whittington, Dale |
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| Format: | Working Paper
biblioteca
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, DC
2000-01
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| Subjects: | AIR POLLUTION,
AIR POLLUTION CONTROL,
AIR QUALITY,
AIR QUALITY MANAGEMENT,
BENEFIT ANALYSIS,
CDF,
COMPLEMENTARY GOODS,
CONCEPTUAL FRAMEWORK,
CONTINGENT VALUATION,
CONTINGENT VALUATION METHOD,
DICHOTOMOUS CHOICE,
ECONOMETRIC ANALYSIS,
ECONOMETRIC MODELS,
ECONOMIC VALUE,
ELASTICITY,
ELECTRICITY,
EMPIRICAL EVIDENCE,
EMPIRICAL STUDIES,
ENVIRONMENTAL QUALITY,
ENVIRONMENTAL RESOURCES,
ENVIRONMENTAL SCIENCES,
EXOGENOUS VARIABLES,
FUTURE STUDIES,
INCOME,
INTEREST RATES,
MAXIMUM LIKELIHOOD ESTIMATION,
NATURE,
NONMARKET GOODS,
POLITICAL ECONOMY,
POLLUTION CONTROL,
POSITIVE EFFECTS,
PREFERENCES,
PUBLIC GOOD,
PUBLIC GOODS,
SAVINGS,
SIMULATION,
UNCERTAINTY,
UTILITY FUNCTION,
UTILITY VALUE,
VARIANCE,
WATER QUALITY,
WILLINGNESS TO PAY, |
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| Online Access: | http://documents.worldbank.org/curated/en/2000/01/438411/willingness-pay-air-quality-improvements-sofia-bulgaria
https://hdl.handle.net/10986/22362
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