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Dealing with Uncertainty in Public Preferences for Rural Development Policies: A Contingent Valuation Survey

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  • Marcos Dom�nguez-Torreiro
  • Mario Soli�o

Abstract

Dom�nguez-Torreiro M. and Soli�o M. Dealing with uncertainty in public preferences for rural development policies: a contingent valuation survey, Regional Studies . Rural development programmes are currently envisaged as a means to foster the provision of a broad range of non-commodity outputs emanating from multifunctional rural environments. This paper presents a contingent valuation survey that analyses individuals' perceptions of and willingness to pay for the implementation of a rural development programme in Cantabria, Spain. Uncertainty in individuals' preferences is explicitly acknowledged and introduced into the analytical framework. For that purpose, a comparison is made between the open-ended and the multiple-bounded uncertainty elicitation formats. The expectation of a positive welfare change constitutes a sound argument in favour of regional rural development policies.

Suggested Citation

  • Marcos Dom�nguez-Torreiro & Mario Soli�o, 2015. "Dealing with Uncertainty in Public Preferences for Rural Development Policies: A Contingent Valuation Survey," Regional Studies, Taylor & Francis Journals, vol. 49(4), pages 555-567, April.
    • Handle: RePEc:taf:regstd:v:49:y:2015:i:4:p:555-567
    DOI: 10.1080/00343404.2013.783694
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    References listed on IDEAS

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    1. Hanemann, W. Michael & Kristrom, Bengt & Li, Chuan-Zhong, 1996. "Nonmarket Valuation Under Preference Uncertainty: Econometric Models And Estimation," CUDARE Working Papers 6858, University of California, Berkeley, Department of Agricultural and Resource Economics.
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