RT Journal Article
SR Electronic
T1 Decomposition of Warm Glow for Multiple Stakeholders: Stated Choice Valuation of Shellfishery Policy
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 485
OP 499
DO 10.3368/le.85.3.485
VO 85
IS 3
A1 Nunes, Paulo A. L. D.
A1 de Blaeij, Arianne T.
A1 van den Bergh, Jeroen C. J. M.
YR 2009
UL http://le.uwpress.org/content/85/3/485.abstract
AB A monetary valuation study of marine management in the Dutch Wadden Sea, the largest natural area of the Netherlands, is presented. The study is motivated by a conflict between shellfisheries and large populations of birds that forage on cockles. Different management scenarios are valued using multiple stakeholders, namely Dutch citizens, local residents, tourists, policy makers, and natural scientists. A considerable difference in willingness to pay (WTP) between these groups is found. In addition, the influence of motivational profiles is examined. Estimates confirm the presence of two such motivations, namely, material and moral warm glow. These allow for decomposition and correction of the WTP estimates. (JEL Q22, Q25, Q51)