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Respondent uncertainty in a contingent market for carbon offsets

handle: 1871/32087 , 1885/50462
The main objective of this paper is to provide additional empirical evidence of what explains respondent uncertainty in contingent valuation (CV) and how this in turn affects stated willingness to pay (WTP). Air travelers asked to pay a carbon travel tax to offset carbon emissions from flying were asked how likely it is that they will actually pay if the tax is voluntary. When changing the market compliance imperative from a mandatory carbon tax to a voluntary contribution, a third of all air travelers consider it unlikely they will actually pay their stated WTP amount. An ordered probit estimation approach is applied to identify the sources of respondent uncertainty. Besides the bid price, respondent sense of responsibility and belief in the effectiveness of the voluntary carbon market are among the main reasons for the experienced uncertainty. © 2008 Elsevier B.V. All rights reserved.
- Vrije Universiteit Amsterdam Netherlands
- Australian National University Australia
- Free University of Amsterdam Pure VU Amsterdam Netherlands
Respondent uncertainty, market, willingness to pay Carbon offset, pollution tax, Climate change, Keywords: climate change, Polychotomous choice, uncertainty analysis, contingent valuation, SDG 15 - Life on Land
Respondent uncertainty, market, willingness to pay Carbon offset, pollution tax, Climate change, Keywords: climate change, Polychotomous choice, uncertainty analysis, contingent valuation, SDG 15 - Life on Land
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).69 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
