Analysing motives behind willingness to pay for improving early warning services for tropical cyclones in Vietnam

Nguyen, Thanh Cong and Robinson, Jackie (2015) Analysing motives behind willingness to pay for improving early warning services for tropical cyclones in Vietnam. Meteorological Applications, 22 2: 187-197. doi:10.1002/met.1441


Author Nguyen, Thanh Cong
Robinson, Jackie
Title Analysing motives behind willingness to pay for improving early warning services for tropical cyclones in Vietnam
Journal name Meteorological Applications   Check publisher's open access policy
ISSN 1469-8080
1350-4827
Publication date 2015-04-01
Sub-type Article (original research)
DOI 10.1002/met.1441
Open Access Status Not yet assessed
Volume 22
Issue 2
Start page 187
End page 197
Total pages 11
Place of publication West Sussex, United Kingdom
Publisher John Wiley and Sons
Collection year 2016
Language eng
Abstract Pressure on government budgets has made it more important to quantify the value of public goods, e.g. tropical cyclone warning services, to society as a whole. Based on a stated preference survey, in which respondents could indicate the amount of their willingness to pay (WTP), this study elicited values for an improved cyclone warning service in Vietnam. To examine motives or reasons behind respondents' WTP, respondents were requested to allocate 10 points among different types of values, including self-interest motivated value (termed use value), and values with respect to the interests of others (altruistic value) and future generations (bequest value). The more influential the value, the higher the point is scored. Use value, which was scored the highest mean point of 4.1 out of 10, is the most important motive for valuing improvements in cyclone warning services. Altruistic and bequest values were given similar points, approximately 2.9 and 3.0, respectively. This study empirically demonstrates that respondents hold not only self-interest motivated value, but also altruistic and bequest values. Given the importance of non-use values, i.e. altruistic and bequest values, economic assessments focusing on only use value would underestimate the benefits of an improved cyclone warning service to society.
Keyword Altruistic value
Bequest value
Developing countries
Non-use values
Tropical cyclone warning services
Vietnam
Willingness to pay
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2016 Collection
School of Economics Publications
 
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