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Lookup NU author(s): Dr Kyriaki Remoundou
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In this paper we examine whether stated preferences and Willingness To Pay estimates, obtained in a choice experiment, are sensitive to the institutional context in which the good under evaluation is provided. Specifically, we examine the effects on valuation from employing two different institutions, an authority under the supervision of the National government and an authority under the supervision of an international body, the European Commission, as responsible for the design and implementation of a forest restoration project following a split sample approach. We find that coefficients of the utility model and Willingness To Pay estimates for all attributes are not statistically different between the two treatments. This is so despite the significant differences in the trust levels reported for the two institutions. We speculate that our results reflect the significance of the environmental good to the citizens given its local nature and the sheer size of the fire disaster.
Author(s): Remoundou K, Kountouris Y, Koundouri P
Publication type: Article
Publication status: Published
Journal: Resource and Energy Economics
Print publication date: 07/04/2012
ISSN (print): 0928-7655
ISSN (electronic): 1873-0221
Publisher: Elsevier BV
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