http://oar.icrisat.org/id/eprint/10066 2017-08-10T11:24:10Z info:eu-repo/semantics/descriptiveMetadata http://oar.icrisat.org/10066/ Risk aversion and willingness to pay for water quality: The case of non-farm rural residents Larue, B West, G E Singbo, A Tamini, L D Water Resources Stated choice experiments are used to investigate the economic valuation of rural residents living in the province of Quebec for water quality improvements. In Quebec, rural residents played an important role in the setting of stricter environmental regulations. Unlike most stated choice experiments about the valuation of improvements in water quality, this study explicitly accounts for risk in the design and analysis of choice experiments. Risk in phosphorus and coliform reductions is introduced through a three-point uniform distribution in the choice sets. The results show greater support for constant absolute risk aversion preferences than for constant relative risk aversion. Rural residents value coliform and phosphorus reductions and the more educated ones are particularly willing to see the government tax farmers and taxpayers to secure such reductions. As the science improves and risk in water quality outcomes decrease and as the political weight of non-farm rural residents increase, it should be easier for governments to replace voluntary cost-share programs by polluter-payer programs. Elsevier 2017-07-15 Article PeerReviewed application/pdf en http://oar.icrisat.org/10066/1/j.jenvman.2017.03.050.pdf Larue, B and West, G E and Singbo, A and Tamini, L D (2017) Risk aversion and willingness to pay for water quality: The case of non-farm rural residents. Journal of Environmental Management, 197. pp. 296-304. ISSN 0301-4797 https://doi.org/10.1016/j.jenvman.2017.03.050 10.1016/j.jenvman.2017.03.050 info:eu-repo/semantics/objectFile info:eu-repo/semantics/humanStartPage