Economic and participatory methods of project appraisal have traditionally been viewed as mutually exclusive alternatives, as they address different decision making criteria. Participatory methods such citizens' juries (or value juries) have been suggested as a means of better coping with some of the problems associated with economic evaluation methods such as contingent valuation. However, par...

Payments for environmental services (PES) especially of the forests are considered a potential instrument to mitigate environment and development challenges faced in many tropical countries. The success of any PES scheme is highly dependent on reliable economic data and monetary values of the services provided by the forest trees and vegetation. Hence the relevance of this study which adopted t...

There is a continuous increase in the number of studies dealing with consumers' willingness to pay (WTP) price premiums for sustainable food products. This research focused on broad area products, including different attributes using meta-analysis 80 worldwide studies. The publication bias was verified funnel plot and Egger's test. In addition, subgroup analysis meta-regression were applied cla...

Abstract The extreme climate has caused anomaly in rainfall, so there is the potential for floods and droughts to have a direct impact on agricultural sector, particularly decline rice production. To overcome this, government issued policy form of an insurance program known as protect plants from threat crop failure. Aceh Province, which one central provinces lowland production Indonesia, imple...

A finite probability mixture model is combined with a contingent valuation model to analyze the existence of differential market segments in a hypothetical market. The approach has at least two principle benefits. First, the model is capable of identifying market segments within the hypothetical market. Second, the model can be used to estimate WTP/WTA within each segment. The model is illustra...