Logo do repositório
 
Publicação

Crowdfunding vs. Taxes: Does the payment vehicle influence WTP for Ecosystem Services protection?

2023-01Documento de Trabalho Acesso aberto
Ver registo simples
dc.contributor.authorCunha-e-Sá, Maria A.
dc.contributor.authorDietrich, Til
dc.contributor.authorFaria, Ana
dc.contributor.authorNunes,  Luis Catela
dc.contributor.authorOrtigão, Margarida
dc.contributor.authorRosa, Renato
dc.contributor.authorVieira Da Silva, Carina
dc.date.accessioned2023-02-15T19:51:45Z
dc.date.available2023-02-15T19:51:45Z
dc.date.issued2023-01
dc.description.abstractThe effect of the payment vehicle (PV) on economic valuation estimates has been addressed since the early literature on stated preferences studies. Particularly, some studies have focused on willingness to pay (WTP) sensitivity to mandatory/collective vs. voluntary/individual PVs, by comparing tax increases or redistribution based on specific taxes with donation-like contributions. These two payment schemes may induce different types of strategic behavior and eventually free riding by the economic agents involved. We conducted a choice experiment through a face-to-face survey held in 2020 for a representative sample of the Portuguese population. We investigate the national population’s WTP to invest in oil spills’ prevention along the coastline of mainland Portugal to ensure the provision of four marine and coastal ecosystem services (MCES): (1) biodiversity conservation, (2) beach use, (3) coastal protection and (4) surf. We used a split-sample design to test for differences between the two PVs considered, a mandatory income tax and a voluntary contribution collected through a crowdfunding campaign. We estimate a mixed logit model (MXL) in WTP-space. Furthermore, we control for several sociodemographic characteristics to capture the influence of respondents’ heterogeneity on the elicited WTP, and to check the robustness of our results. We find that mean WTP estimates are positive and significant for all ES except for surf. Biodiversity conservation has the highest WTP estimate. The results obtained suggest that the lack of trust in institutions, fairness concerns and disbelief in policy consequentiality seem to be intrinsic to the Portuguese population, influencing WTP regardless of the PV. However, when comparing an extra income tax with a crowdfunding campaign, respondents have a lower preference for the status quo in this latter case. Therefore, our results highlight the importance of better understanding the role that the payment vehicle may play in funding ecosystem services’ conservation. This is important since how populations respond to incentives for sustainability purposes is crucial to ensure that the targets are met in a more efficient (or cost-effective) and equitable way.pt_PT
dc.description.versioninfo:eu-repo/semantics/submittedVersionpt_PT
dc.identifier.citationCunha-e-Sá, Maria Antonieta, Dietrich, Til, Faria, Ana, Nunes, Luis C., Ortigão, Margarida, Rosa, Renato, Vieira-da-Silva, Carina. Crowdfunding vs. Taxes: Does the payment vehicle influence WTP for Ecosystem Services protection?. (January 2023) Nova SBE Working Paper Series No. 657pt_PT
dc.identifier.urihttp://hdl.handle.net/10362/149241
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherNova School of Business and Economicspt_PT
dc.relationNova School of Business and Economics
dc.relationNova School of Business and Economics
dc.relationSocial Sciences DataLab
dc.relation.ispartofseriesNova SBE Working Paper Series;657
dc.subjectDiscrete choice experimentpt_PT
dc.subjectOil spillspt_PT
dc.subjectMarine and costal ecosystem services (MCES)pt_PT
dc.subjectPayment vehicle Acknowledgementspt_PT
dc.titleCrowdfunding vs. Taxes: Does the payment vehicle influence WTP for Ecosystem Services protection?pt_PT
dc.typeworking paper
dspace.entity.typePublication
oaire.awardNumberUIDB/00124/2020
oaire.awardNumberUIDP/00124/2020
oaire.awardNumberPINFRA/22209/2016
oaire.awardNumberMarNoruega/0002/2016
oaire.awardTitleNova School of Business and Economics
oaire.awardTitleNova School of Business and Economics
oaire.awardTitleSocial Sciences DataLab
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F00124%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDP%2F00124%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/9444 - RNIIIE/PINFRA%2F22209%2F2016/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/3599-PPCDT/MarNoruega%2F0002%2F2016/PT
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream9444 - RNIIIE
oaire.fundingStream3599-PPCDT
person.familyNameCunha-e-Sá
person.familyNameRainho Catela Nunes
person.familyNameSimão Ramalho Ortigão
person.familyNameRosa
person.familyNameVieira da Silva
person.givenNameMaria A.
person.givenNameLuís Miguel
person.givenNameMargarida
person.givenNameRenato
person.givenNameCarina
person.identifier.ciencia-idFA1C-1A28-3F63
person.identifier.ciencia-id051E-9BEC-DD6A
person.identifier.ciencia-idA91D-71E6-DF8A
person.identifier.ciencia-idCF14-6A4B-5A1A
person.identifier.ciencia-id3318-DBF1-9344
person.identifier.orcid0000-0002-7988-3760
person.identifier.orcid0000-0001-8115-6223
person.identifier.orcid0000-0002-1155-9681
person.identifier.orcid0000-0002-9580-3011
person.identifier.scopus-author-id6602144209
person.identifier.scopus-author-id55072322500
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typeworkingPaperpt_PT
relation.isAuthorOfPublicationef4fe4be-3ccb-479b-b740-67d21b21b9c8
relation.isAuthorOfPublication0261b631-6d83-4b77-9a98-057d9741f24d
relation.isAuthorOfPublication59413936-c438-4db7-9ec4-92850d1a45dc
relation.isAuthorOfPublication4691c671-a38d-4576-abc4-8c48a4508bac
relation.isAuthorOfPublication0977229a-4ea6-43e8-a36a-21dcbbb0ab0d
relation.isAuthorOfPublication.latestForDiscovery0261b631-6d83-4b77-9a98-057d9741f24d
relation.isProjectOfPublication3a18b8a2-2558-4b33-8447-379a42455199
relation.isProjectOfPublication79119ae3-2826-4f9c-ab25-cdf5ab3854a8
relation.isProjectOfPublicationc19b9367-697c-4ac2-a222-a7a168743065
relation.isProjectOfPublicationeff3f9a7-c717-4ee4-af4f-bba3249c19a2
relation.isProjectOfPublication.latestForDiscoveryc19b9367-697c-4ac2-a222-a7a168743065

Ficheiros

Principais
A mostrar 1 - 1 de 1
Miniatura
Nome:
WP657.pdf
Tamanho:
1.03 MB
Formato:
Adobe Portable Document Format
Ver/Abrir
Licença
A mostrar 1 - 1 de 1
Miniatura indisponível
Nome:
license.txt
Tamanho:
348 B
Formato:
Item-specific license agreed upon to submission
Descrição:
Ver/Abrir

Coleções

NSBE - Working Paper Series