Publication

The estimation of the willingness to pay for air-quality improvement in Thailand

Authors
Tantiwat, W, Gan, Christopher, Yang, Wei
Date
2021-11
Type
Journal Article
Collections
Department of Financial and Business Systems
Keywords
air quality improvement, contingent valuation method, Thailand, willingness to pay
Fields of Research
ANZSRC::350601 Consumer behaviour, ANZSRC::380105 Environment and resource economics, ANZSRC::3801 Applied economics, ANZSRC::401101 Air pollution modelling and control, ANZSRC::410402 Environmental assessment and monitoring, ANZSRC::440704 Environment policy
Abstract
Thailand has experienced severe air-quality problems for the past 10 years. Complicating this situation, the Thai government allocates an insufficient budget for the management of air pollution. Using the contingent valuation method, this paper estimates the willingness to pay for air-quality improvement in Thailand to reveal the benefits that people will gain if air-quality improves. The results show that the total benefits from air-quality improvement would be 18.8 billion baht in 2020. The Thai government can use these findings as a guideline to redistribute its budget to address air pollution more effectively.
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Name: Tantiwat et al 2021 The estimation of the willingness to pay.pdf
Size: 485 KB
Kind: Adobe PDF
Permalink
https://hdl.handle.net/10182/14454
Source DOI
10.3390/su132112313
Rights
© 2021 by the authors. Licensee MDPI, Basel, Switzerland.
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