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Exploring social attitude and willingness to pay for water resources conservation

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  • Halkos, George
  • Matsiori, Steriani

Abstract

This research advances the understanding of people's attitude towards water resources valuation. Specifically, it aims to improve confidence in the interpretation of people's willingness to pay (WTP) for water resources protection by enhancing understanding of value relationships. Primary data were obtained from a sample of 510 people living in and visiting the Pinios River in the eastern part of central Greece. Respondents’ behaviour was explored by measuring and comparing use and non-use values with the help of a proposed constructed scale for measuring the dimensions of total economic value of a water resource. For this purpose, a combination of applied methodological research techniques like principal component and cluster analyses together with logistic regression was used. The results indicated the relative importance of particular value components in determining water resources conservation preferences, as well as individuals’ WTP for protecting them. We have extracted four factors and explored their influence on respondents’ WTP and the general attitude towards the area. There were high associations between WTP of individuals towards river protection in relation to their characteristics (like education, income and origin).

Suggested Citation

  • Halkos, George & Matsiori, Steriani, 2014. "Exploring social attitude and willingness to pay for water resources conservation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 49(C), pages 54-62.
    • Handle: RePEc:eee:soceco:v:49:y:2014:i:c:p:54-62
    DOI: 10.1016/j.socec.2014.02.006
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    Cited by:

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    2. Halkos, George & Paizanos, Epameinondas, 2015. "Environmental Macroeconomics: A critical literature review and future empirical research directions," MPRA Paper 67432, University Library of Munich, Germany.
    3. Immerzeel, Bart & Vermaat, Jan E. & Juutinen, Artti & Pouta, Eija & Artell, Janne, 2022. "Appreciation of Nordic landscapes and how the bioeconomy might change that: Results from a discrete choice experiment," Land Use Policy, Elsevier, vol. 113(C).
    4. Ebun Akinsete & Alina Velias & Phoebe Koundouri, 2023. "Integrating Experimental Economics and Living Labs In Water Resource Management," DEOS Working Papers 2301, Athens University of Economics and Business.
    5. Anastasia Gkargkavouzi & George Halkos & Steriani Matsiori, 2019. "A Multi-dimensional Measure of Environmental Behavior: Exploring the Predictive Power of Connectedness to Nature, Ecological Worldview and Environmental Concern," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(2), pages 859-879, June.
    6. Halkos, George & Matsiori, Steriani, 2017. "Environmental attitude, motivations and values for marine biodiversity protection," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 69(C), pages 61-70.
    7. Halkos, George & Zisiadou, Argyro & Aslanidis, Panagiotis-Stavros & Koundouri, Phoebe, 2024. "Valuation of Marine Ecosystem Services in the Black Sea," MPRA Paper 121733, University Library of Munich, Germany.
    8. Lin Meng & Wentao Si, 2022. "Pro-Environmental Behavior: Examining the Role of Ecological Value Cognition, Environmental Attitude, and Place Attachment among Rural Farmers in China," IJERPH, MDPI, vol. 19(24), pages 1-24, December.
    9. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2024. "Limited Substitutability, Relative Price Changes and the Uplifting of Public Natural Capital Values," CESifo Working Paper Series 11156, CESifo.
    10. Proikaki, Marina & Nikolaou, Ioannis & Jones, Nikoleta & Malesios, Chrisovaladis & Dimitrakopoulos, Panayiotis G & Evangelinos, Kostantinos, 2018. "Community perceptions of local enterprises in environmentally degraded areas," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 73(C), pages 116-124.
    11. Halkos, George E. & Papageorgiou, George J., 2017. "A dynamic game with feedback strategies for internalizing externalities," Economic Analysis and Policy, Elsevier, vol. 55(C), pages 147-157.
    12. Peng Li & Ming-Hsiang Chen & Ying Zou & Mark Beattie & Linsi He, 2018. "Factors Affecting Inn Operators’ Willingness to Pay Resource Protection Fees: A Case of Erhai Lake in China," Sustainability, MDPI, vol. 10(11), pages 1-23, November.
    13. Rong Liu & Xiaojun Liu & Bingbing Pan & Hui Zhu & Zhaokang Yuan & Yuanan Lu, 2018. "Willingness to Pay for Improved Air Quality and Influencing Factors among Manufacturing Workers in Nanchang, China," Sustainability, MDPI, vol. 10(5), pages 1-11, May.
    14. Steven Owino Adongo & Samuel Otieno John & Quinter Achieng Abuor, 2020. "Economic Value of Ecosystem Restoration for Sustainable Development: A Case Study of River Migori, Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(6), pages 458-465, June.
    15. Imran Khan & Hongdou Lei & Gaffar Ali & Shahid Ali & Minjuan Zhao, 2019. "Public Attitudes, Preferences and Willingness to Pay for River Ecosystem Services," IJERPH, MDPI, vol. 16(19), pages 1-17, October.

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    More about this item

    Keywords

    River; Contingent valuation; WTP; Total economic value;
    All these keywords.

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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