Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5051042 | Ecological Economics | 2009 | 6 Pages |
Abstract
We conduct an experimental survey to analyze how rules for collective decision-making influence individual preferences regarding nature restoration plans. Our study compares two decision-making rules-a consensus rule and a majority rule-wherein participants decide on a plan regarding nature restoration in the Kushiro Wetland, Japan. Our main finding is that the difference between the individual preferences and collective decision-making is less significant under the consensus rule than the majority rule. Furthermore, there is a larger disparity with regard to the marginal willingness to pay between collective and individual decisions when participants are unsatisfied with the results of collective choice.
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Authors
Nobuyuki Ito, Kenji Takeuchi, Koichi Kuriyama, Yasushi Shoji, Takahiro Tsuge, Yohei Mitani,