Year: 2024
Type: article
Abstract: In this study, we use a discrete choice experiment to elicit the willingness-to-pay (WTP) for preventing and mitigating the effects of oil spills on marine and coastal ecosystem services, along a particularly vulnerable coastal region of mainland Portugal. We used a split-sample design to analyze the differences between two payment vehicles (PV): a mandatory extra income tax and a voluntary contribution collected by a crowdfunding campaign with a provision point mechanism and a money-back guarantee. The difference between the two PVs is examined in a setting where the local population has a negative perception of the quality of institutions. We find that respondents are more willing to contribute when presented with the crowdfunding version. Also, regardless of the payment vehicle, respondents who express a mistrust in institutions are more likely to choose the status quo. These results suggest the potential of using crowdfunding to support ecosystem services’ conservation initiatives.
Authors: Maria A. Cunha-e-Sá, Til Dietrich, Ana Faria, Luis Catela Nunes, Margarida Ortigão, Renato Rosa, Carina Vieira-da-Silva
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Life on land
Open Access status: hybrid
Estimated APC paid: $3,190
Awards: Laboratório de Dados de Ciências Sociais, Centro de Investigação em Economia e Gestão da Universidade de Coimbra, G3821169523, Alterações nos usos e valores dos serviços de ecossistemas marinhos na região do Ártico Norueguês, G5454278309, BioEconMod - Bio-Economic Modeling for Policy, G5996159373, Nova School of Business and Economics, Nova School of Business and Economics
OpenAlex ID: W4403395267