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Information and Willingness to Pay in a Contingent Valuation Study: The Value of S. Erasmo in the Lagoon of Venice

Author

Listed:
  • Anna Alberini

    (University of Maryland and Fondazione Eni Enrico Mattei)

  • Paolo Rosato

    (Dipartimento di Ingegneria Civile, Università degli Studi di Trieste)

  • Alberto Longo

    (Università di Venezia Ca’ Foscari and Fondazione Eni Enrico Mattei)

  • Valentina Zanatta

    (Dipartimento Casa Città, Politecnico di Torino)

Abstract

This paper reports on a contingent valuation study eliciting willingness to pay for a public program for the preservation of lagoon, beach and infrastructure in the island of S. Erasmo in the Lagoon of Venice. A referendum dichotomous choice approach with a follow-up question is used to obtain information about willingness to pay from a sample of residents of the Veneto Region in Italy. We use split samples to investigate the effect of providing different levels of information to respondents before asking the payment questions. Our experimental treatment is a reminder of possible reasons for voting in favor or against the proposed program before the referendum question. We find that reminding respondents of the reasons for voting for or against the public works increases WTP among less highly educated respondents, and decreases WTP among more highly educated respondents.

Suggested Citation

  • Anna Alberini & Paolo Rosato & Alberto Longo & Valentina Zanatta, 2004. "Information and Willingness to Pay in a Contingent Valuation Study: The Value of S. Erasmo in the Lagoon of Venice," Working Papers 2004.19, Fondazione Eni Enrico Mattei.
    • Handle: RePEc:fem:femwpa:2004.19
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    References listed on IDEAS

    as
    1. Alberini Anna, 1995. "Efficiency vs Bias of Willingness-to-Pay Estimates: Bivariate and Interval-Data Models," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 169-180, September.
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    More about this item

    Keywords

    Contingent valuation; Effects of information;

    JEL classification:

    • Q0 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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