Naslov
Is the valuation of water quality sensitive to external shocks? Evidence from political instability in Croatia

Autori
Kountouris, Yiannis ; Nakic, Zoran ; Sauer, Johannes

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Agricultural and Applied Economics Association>2012 Annual Meeting, August 12-14, 2012, Seattle, Washington / - Seattle (WA), 2012, 1-28

Skup
Agricultural and Applied Economics Association 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington

Mjesto i datum
Seattle (WA), Sjedinjene Američke Države, 12.08.2012. - 14.08.2012

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Choice Experiment; Political Instability; Temporal Stability; Water Quality; Water Quantity

Sažetak
This paper examines the short run sensitivity of willingness to pay (WTP) estimates for groundwater quality and quantity in the presence of external shocks, using data from two choice experiments implemented in Zagreb, Croatia. To assess the sensitivity of WTP estimates we take advantage of a sudden deterioration in political stability, expressed by a series of public protests that took place in the city during the data collection and compare mean WTP estimates before and during the protests. We find that mean WTP for groundwater quality and quantity is sensitive to the occurrence of the protest. The result indicates that events unrelated to environmental quality and especially political instability can influence the valuation of environmental goods. We interpret the result as an indication that the choice experiment method is sensitive enough to capture changes in WTP that are a result of sudden changes in the state of the world.

Izvorni jezik
Engleski

Znanstvena područja
Rudarstvo, nafta i geološko inženjerstvo

POVEZANOST RADA