Article
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Willingness to Pay for Agricultural Soil Quality Protection and Improvement
Version 1
: Received: 5 July 2024 / Approved: 5 July 2024 / Online: 8 July 2024 (15:16:00 CEST)
How to cite: Areal, F. J. Willingness to Pay for Agricultural Soil Quality Protection and Improvement. Preprints 2024, 2024070543. https://doi.org/10.20944/preprints202407.0543.v1 Areal, F. J. Willingness to Pay for Agricultural Soil Quality Protection and Improvement. Preprints 2024, 2024070543. https://doi.org/10.20944/preprints202407.0543.v1
Abstract
We estimate general public’s willingness to pay (WTP) for agricultural soil quality protection and improvement in Spain (n=1000) and the UK (n=984) using data from a cross-sectional survey via Qualtrics panels in March-April 2021. We use a double bound dichotomous choice contingent valuation approach to elicit the individuals’ WTP. We investigate the effect of uncertainty on the success of policies aiming at achieving soil protection. In addition, to understand the heterogeneity in individuals’ WTP for agricultural soil quality protection and improvement we model individuals’ WTP through individual’s awareness and attitudes toward agricultural soil quality protection and the environment, trust in institutions; risk and time preferences; pro-social behavior and socio-demographics in Spain and the UK. We found that there is significant public support for agricultural soil quality protection and improvement in Spain and the UK. We also found that the support does not vary significantly under uncertainty of success of policies aiming at achieving soil protection. However the individual’s reasons for supporting agricultural soil quality protection and improvement are found to depend on the level of uncertainty and country. Hence, promoting public support for soil protection needs to be tailored according to the level of general public’s perceived uncertainty and geographic location.
Keywords
soil quality; willingness to pay; contingent valuation; sustainable land management; uncertainty; risk preferences; time preferences
Subject
Business, Economics and Management, Economics
Copyright: This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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