Presentation is loading. Please wait.

Presentation is loading. Please wait.

Estimating Willingness to Pay (WTP) for Nonmarket Goods Using Surveys (Source: Exxon Valdez Oil Spill Trustee Council)Exxon Valdez Oil Spill Trustee Council.

Published byPrudence Hicks Modified over 8 years ago

Similar presentations

Presentation on theme: "Estimating Willingness to Pay (WTP) for Nonmarket Goods Using Surveys (Source: Exxon Valdez Oil Spill Trustee Council)Exxon Valdez Oil Spill Trustee Council."— Presentation transcript:

1 Estimating Willingness to Pay (WTP) for Nonmarket Goods Using Surveys (Source: Exxon Valdez Oil Spill Trustee Council)Exxon Valdez Oil Spill Trustee Council

2 Why would economists survey?

3 Elements of a good (valid) survey? $

4 An example…

5

6 Than here. Source: http://news.bbc.co.uk/cbbcnews/hi/sci_tech/newsid_3304000/3304803.stmhttp://news.bbc.co.uk/cbbcnews/hi/sci_tech/newsid_3304000/3304803.stm

7 Would you pay $20 to cancel class next Friday? (If the WTP estimated from your responses is high enough, class will be canceled.)

8 Background questions: 1.What year are you in school? 2.What is your major? 3.How many other classes are you taking this semester? 4.Male or female?

9 Collected Responses: Estimated WTP = $20x(6/9) = $13.33

Download ppt "Estimating Willingness to Pay (WTP) for Nonmarket Goods Using Surveys (Source: Exxon Valdez Oil Spill Trustee Council)Exxon Valdez Oil Spill Trustee Council."

Similar presentations

By: Chad Thurston P. 5. The oil pollution act of 1990 was set into law in august 1990. It established provisions that expand the federal governments ability.

By: Chad Thurston P. 5. The oil pollution act of 1990 was set into law in august It established provisions that expand the federal governments ability.
Oil Pollution act Was a response to the Exxon Valdez Incident

Oil Pollution act Was a response to the Exxon Valdez Incident
WILLINGNESS AND ABILITY TO PAY FOR SANITATION LOANS IN RURAL KENYA Josphat Martin Muchangi 1, Dr. George Kimathi 1, Vincent Ouma 1, David Makau 1 1. AMREF.

WILLINGNESS AND ABILITY TO PAY FOR SANITATION LOANS IN RURAL KENYA Josphat Martin Muchangi 1, Dr. George Kimathi 1, Vincent Ouma 1, David Makau 1 1. AMREF.
April 29, 2014.  Name  Agency  What do you hope to get out of today’s meeting?

April 29,  Name  Agency  What do you hope to get out of today’s meeting?
1) Introduction Prior to the Exxon Valdez oil spill, the estimation of passive use value, was an area of economic research not well known. However, based.

1) Introduction Prior to the Exxon Valdez oil spill, the estimation of passive use value, was an area of economic research not well known. However, based.
Oil Spills in Coastal Areas: Prevention and Control Arturo A. Keller Bren School of Environmental Science and Management University of California, Santa.

Oil Spills in Coastal Areas: Prevention and Control Arturo A. Keller Bren School of Environmental Science and Management University of California, Santa.
Stirling March 24 ’09 A combinatorial optimisation approach to non-market environmental benefit aggregation via simulated populations Stephen Hynes, Nick.

Stirling March 24 ’09 A combinatorial optimisation approach to non-market environmental benefit aggregation via simulated populations Stephen Hynes, Nick.
Collecting Quantitative Data

Collecting Quantitative Data
Water & Water Pollution. Ground water pollution – source of organic pollutants.

Water & Water Pollution. Ground water pollution – source of organic pollutants.
7. BCA - Benefits Benefits = willingness to pay! Benefit from an environmental program Sometimes WTP for amenities = damages avoided Damage functions Cost.

7. BCA - Benefits Benefits = willingness to pay! Benefit from an environmental program Sometimes WTP for amenities = damages avoided Damage functions Cost.
Valuation 3: Welfare Measures Willingness to pay and willingness to act compensation Equivalent variation versus compensating variation Price changes versus.

Valuation 3: Welfare Measures Willingness to pay and willingness to act compensation Equivalent variation versus compensating variation Price changes versus.
Chapter 10 Collecting Quantitative Data. SURVEY QUESTIONNAIRES Establishing Procedures to Collect Survey Data Recording Survey Data Establishing the Reliability.

Chapter 10 Collecting Quantitative Data. SURVEY QUESTIONNAIRES Establishing Procedures to Collect Survey Data Recording Survey Data Establishing the Reliability.
Direct way, through poison by ingestion, destruction of habitat and direct contact with the oil. Many kind of fish die from oil spill like whales and.

Direct way, through poison by ingestion, destruction of habitat and direct contact with the oil. Many kind of fish die from oil spill like whales and.
Water Pollution Mini-Case Studies. Topics Group 1:Exxon Valdez oil spill Group 2: BP Gulf oil spill Group 3: India’s Ganges River Group 4: Great Pacific.

Water Pollution Mini-Case Studies. Topics Group 1:Exxon Valdez oil spill Group 2: BP Gulf oil spill Group 3: India’s Ganges River Group 4: Great Pacific.
Econ 231: Natural Resources and Environmental Economics SCHOOL OF APPLIED ECONOMICS.

Econ 231: Natural Resources and Environmental Economics SCHOOL OF APPLIED ECONOMICS.
The Value of Online Resources to North Carolina Public Library Patrons Emily Guhde NCPLDA Conference March 29, 2012.

The Value of Online Resources to North Carolina Public Library Patrons Emily Guhde NCPLDA Conference March 29, 2012.
Welfare economics Outline Expressing changes in human well-being (utility) in monetary terms Deciding between monetary measures that are equally theoretically.

Welfare economics Outline Expressing changes in human well-being (utility) in monetary terms Deciding between monetary measures that are equally theoretically.
BELL WORK (8 minutes) 1. Use Substitution to solve: y = 19 – x 10x – 7y = 20 1. Your lemonade jar can hold 18 cups total. If the ratio of lemon juice to.

BELL WORK (8 minutes) 1. Use Substitution to solve: y = 19 – x 10x – 7y = Your lemonade jar can hold 18 cups total. If the ratio of lemon juice to.
Contingent Valuation Bangkok 2013. Stated Preference Attitudinal versus behavioral What people say are their values rather than the implicit values consistent.

Contingent Valuation Bangkok Stated Preference Attitudinal versus behavioral What people say are their values rather than the implicit values consistent.
Engineering Economics ENG 2B03. Calendar Description Engineering criteria for decision-making. Money flow. Financial ventures. Personal financing. Total.

Engineering Economics ENG 2B03. Calendar Description Engineering criteria for decision-making. Money flow. Financial ventures. Personal financing. Total.

Similar presentations

Ads by Google