Information and Willingness to Pay in a Contingent Valuation Study: The Value of S. Erasmo in the Lagoon of Venice |
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Authors: | Anna Alberini Paolo Rosato Alberto Longo Valentina Zanatta |
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Institution: | 1. Department of Agricultural and Resource Economics , University of Maryland , Maryland, USA;2. Fondazione Eni , Enrico Mattei , Venice, Italy;3. Fondazione Eni , Enrico Mattei , Venice, Italy;4. Dipartimento di Ingegneria Civile , University of Trieste , Trieste, Italy;5. Department of Economics and International Development , University of Bath , Bath, UK;6. Dipartimento Casa Città , Politecnico di Torino , Turin, Italy |
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Abstract: | This paper reports on a contingent valuation (CV) study eliciting willingness to pay (WTP) for a public program for the preservation of lagoon, beach and infrastructure in the island of S. Erasmo in the Lagoon of Venice, Italy. We use split samples to investigate the effect of providing a summary of reasons for voting in favor and against the program before the referendum valuation question. Reminding respondents of the reasons for voting for or against the program increases WTP among less highly educated respondents, and decreases WTP among more highly educated respondents. |
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