Work

Estimating households’ willingness-to-pay associated with risks for improved plastic waste management using a new integrated contingent valuation-mindsponge- mindspongeconomics approach

Year: 2023

Type: preprint

Abstract: This study investigates Vietnamese citizens’ participation in plastic waste treatment and environment improvement. We developed and adopted a novel method (CVMM) that integrates the contingent valuation, mindsponge, and mindspongeconomics – a new type of economics to estimate and reasonate households’ financial contribution for improved plastic waste treatment in North Vietnam. CVMM analytics were used to explore 1103 observations surveyed during 2022-2023 in the North Vietnam. The empirical findings suggest that public-private partnership should be further expanded and/or strengthen to improve finance while stronger environment policy associated with environmental education should be taken to improve environmental literacy and build environmental culture, which ultimately help address plastic waste and environmental issues in the long run.

Source: OSF Preprints (OSF Preprints)

DOI: 10.31219/osf.io/a5xmt

Authors: Van Quy Khuc, Truong Thu Ha, Thuy Nguyen, Thao Dang, An Thinh Nguyen, Nguyen Dinh Tien, Keunjae Lee, Nguyen Thi Vinh Ha, Luu Quoc Dat

Institutions: VNU University of Economics and Business, Western University, Vietnam National University, Hanoi, Pusan National University

Language: English

Topic: Economic and Environmental Valuation

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Responsible consumption and production, Sustainable cities and communities

Open Access status: green

OpenAlex ID: W4375868154

Cites: 51

Cited by: 2

Related to: 9