By Uddin Sarwar Ahmed, Keinosuke Gotoh
Contingent valuation is likely one of the technique of incorporating socio-environmental issues in cost–benefit research. The authors of this publication have tested environmental valuation equipment in the course of the lens of cost–benefit research inquisitive about 3 case stories in Japan: public parks, a bay wetland, and a leisure topic park. With implications for the realm at huge, the findings offered the following function a necessary resource of knowledge on eastern habit concerning the valuation of environmental items. New, substitute techniques and guidance for cost–benefit research within the private and non-private spheres are also mentioned. This quantity makes an enormous addition to the library of all researchers and different scientists within the fields of environmental technology and environmental economics.
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Extra resources for Cost-Benefit Analysis of Environmental Goods by Applying Contingent Valuation Method: Some Japanese Case Studies
7 IBW Case Study Conclusion To the best of our knowledge, this study is the first attempt to quantify the environmental value of the eco-system of the Isahaya Bay Wetland (IBW). It has drawn attention to the contrasting views that are often involved in environmental issues, where we need to choose between environmental preservation versus protection from natural calamity. The results of this study would provide the residents and researchers a quantitative estimate to base their discussion about the muchdebated IBW.
6). 827<1). Therefore, if socio-environmental factors were considered, IBRP would have been proved to be unviable even in 1986. 6 Summary and Conclusion In this chapter, we tried to suggest ways to incorporate socio-environmental factors into cost-benefit analysis of the public works project by taking the IBRP as one of the case. The findings can be summarized and concluded through the following points: The IBRP is regarded as a protection from flood to the residents of the Isahaya city, residing near the project spot.
Rather the respondent should be given the opportunity to try the next bid, so that he or she can change decision by seeing the next lower bid. Followed by this, the reasons for not willing to pay should be asked. This will help the respondent to think more seriously about the WTP amount in case if the first bid was higher for himlher. 2. 1, second trial) 3. The bid levels should be increased and the starting of the bid should be centered on the mean without having significant variance from the mean to reduce error.