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Risk reduction of households waste: contingent valuation analysis

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  • Petr Šauer
  • Stanislava Mildeová

Abstract

The results of this research are promising and suggest that contingent valuation is a practical way to make rough estimations of the benefits accrued from environmental policies, for reducing the risks of past environmental burdens, and for making comparisons with costs within a cost-benefit analysis. Contingent valuation provided a means of quantifying consumer preferences and values. However, an important constraint in this research is that the method (word pictures) used to present risks was quite general and lacked the specificity that would be useful to employ in future studies. A more detailed formulation would result in a more precise pricing of risks. This research examined three general categories of risk and then explored the specific case of a battery deposit-refund system. This research suggests that in the specific situation of used batteries, the benefits from reduction of risks are higher than the costs associated with introducing a deposit-refund system as perceived by households.

Suggested Citation

  • Petr Šauer & Stanislava Mildeová, 1998. "Risk reduction of households waste: contingent valuation analysis," Prague Economic Papers, Prague University of Economics and Business, vol. 1998(1).
    • Handle: RePEc:prg:jnlpep:v:1998:y:1998:i:1:id:146
    DOI: 10.18267/j.pep.146
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