Stated preference methods to estimate Willingness-To-Pay: with an application to a project of water infrastructure improvement in Georgetown (Guyana)

Where: Zoom Platform
Time: 4.30 p.m.

Please contact school.socialsciences [at] unitn.it

for the link to the Zoom event.

Speaker

• Giuseppe Vittucci Marzetti, Università degli Studi di Milano Bicocca

Abstract

Household Willingness-To-Pay (WTP) for safe and reliable drinking water can be estimated using both stated preferences (e.g., Contingent Valuation) and revealed preferences (e.g., Adverting Behavior Method). After a discussion on the pros and cons of the elicitation of WTP via closed-ended, single-bound dichotomous choice (DC) format, I show an application to a project of water infrastructure improvement in Georgetown (Guyana), with a comparison of the estimation of WTP by using the Adverting Behavior Method.