Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information
In recent decades, despite their value, coral reefs have been endangered and are swiftly declining because of land overuse, rising sea temperatures, and increasing ocean acidification. This study assesses the willingness to pay (WTP) for coral reef conservation in Japan. We conducted an online discr...
Main Authors: | , , , , , , , |
---|---|
Format: | Article in Journal/Newspaper |
Language: | unknown |
Subjects: | |
Online Access: | http://www.sciencedirect.com/science/article/pii/S221204162030108X |
id |
ftrepec:oai:RePEc:eee:ecoser:v:46:y:2020:i:c:s221204162030108x |
---|---|
record_format |
openpolar |
spelling |
ftrepec:oai:RePEc:eee:ecoser:v:46:y:2020:i:c:s221204162030108x 2024-04-14T08:17:47+00:00 Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information Imamura, Kohei Takano, Kohei Takenaka Kumagai, Naoki H. Yoshida, Yumi Yamano, Hiroya Fujii, Masahiko Nakashizuka, Tohru Managi, Shunsuke http://www.sciencedirect.com/science/article/pii/S221204162030108X unknown http://www.sciencedirect.com/science/article/pii/S221204162030108X article ftrepec 2024-03-19T10:38:11Z In recent decades, despite their value, coral reefs have been endangered and are swiftly declining because of land overuse, rising sea temperatures, and increasing ocean acidification. This study assesses the willingness to pay (WTP) for coral reef conservation in Japan. We conducted an online discrete choice experiment with 10,573 respondents. A latent class logit model framework was used, and three respondent classes were recognized. The first, consisting of about 60% of respondents, had the highest income level and a willingness to pay 326,036–414,391 JPY (100 JPY ≓ 1 USD) over a lifetime. Individuals in the second class, comprising approximately 30% of the respondents, were willing to pay 9792–12,262 JPY. The third class, consisting of approximately 10% of the respondents, comprised individuals not willing to pay any amount. We also evaluated the relative preferences of respondents for different conservation scenarios. The most preferred conservation target was total coral reef area, followed by scenic beauty, and species richness. We further estimate the effect of the types and amount of information on the WTP. Concise or detailed information with text and static images about coral reefs increased WTP by 11.7–19.1%. Providing video information, however, decreased the WTP by 4.9–7.0%. Discrete choice experiment; Latent class logit model; Textual information; Static image; Video; Climate change; Article in Journal/Newspaper Ocean acidification RePEc (Research Papers in Economics) |
institution |
Open Polar |
collection |
RePEc (Research Papers in Economics) |
op_collection_id |
ftrepec |
language |
unknown |
description |
In recent decades, despite their value, coral reefs have been endangered and are swiftly declining because of land overuse, rising sea temperatures, and increasing ocean acidification. This study assesses the willingness to pay (WTP) for coral reef conservation in Japan. We conducted an online discrete choice experiment with 10,573 respondents. A latent class logit model framework was used, and three respondent classes were recognized. The first, consisting of about 60% of respondents, had the highest income level and a willingness to pay 326,036–414,391 JPY (100 JPY ≓ 1 USD) over a lifetime. Individuals in the second class, comprising approximately 30% of the respondents, were willing to pay 9792–12,262 JPY. The third class, consisting of approximately 10% of the respondents, comprised individuals not willing to pay any amount. We also evaluated the relative preferences of respondents for different conservation scenarios. The most preferred conservation target was total coral reef area, followed by scenic beauty, and species richness. We further estimate the effect of the types and amount of information on the WTP. Concise or detailed information with text and static images about coral reefs increased WTP by 11.7–19.1%. Providing video information, however, decreased the WTP by 4.9–7.0%. Discrete choice experiment; Latent class logit model; Textual information; Static image; Video; Climate change; |
format |
Article in Journal/Newspaper |
author |
Imamura, Kohei Takano, Kohei Takenaka Kumagai, Naoki H. Yoshida, Yumi Yamano, Hiroya Fujii, Masahiko Nakashizuka, Tohru Managi, Shunsuke |
spellingShingle |
Imamura, Kohei Takano, Kohei Takenaka Kumagai, Naoki H. Yoshida, Yumi Yamano, Hiroya Fujii, Masahiko Nakashizuka, Tohru Managi, Shunsuke Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information |
author_facet |
Imamura, Kohei Takano, Kohei Takenaka Kumagai, Naoki H. Yoshida, Yumi Yamano, Hiroya Fujii, Masahiko Nakashizuka, Tohru Managi, Shunsuke |
author_sort |
Imamura, Kohei |
title |
Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information |
title_short |
Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information |
title_full |
Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information |
title_fullStr |
Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information |
title_full_unstemmed |
Valuation of coral reefs in Japan: Willingness to pay for conservation and the effect of information |
title_sort |
valuation of coral reefs in japan: willingness to pay for conservation and the effect of information |
url |
http://www.sciencedirect.com/science/article/pii/S221204162030108X |
genre |
Ocean acidification |
genre_facet |
Ocean acidification |
op_relation |
http://www.sciencedirect.com/science/article/pii/S221204162030108X |
_version_ |
1796317061107941376 |