Stated preference methods to estimate Willingness-To-Pay: with an application to a project of water infrastructure improvement in Georgetown (Guyana)
22 aprile 2021
22 April 2021
Contatti:
Doctoral School of Social Sciences
via Verdi 26, 38122 - Trento
Tel.
+39 0461 283756 - 2290
Fax
+39 0461 282335
Skype: school.socialsciences
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.