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Journal of Environmental and Resource Economics at Colby

Willingness to pay

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Full-Text Articles in Economics

Municipal Recycling In Waterville: A Choice Experiment, Katharine V. Eddy, Alec A. Finigan Aug 2014

Municipal Recycling In Waterville: A Choice Experiment, Katharine V. Eddy, Alec A. Finigan

Journal of Environmental and Resource Economics at Colby

The city of Waterville, Maine has experienced many struggles with establishing an economically and socially beneficial method for collecting recyclables from residents. In 2006, the town made the choice to terminate its curbside recycling pickup and open the Skills facility, where residents were able to transport there recyclables and dispose of them at the facility. This proved to also not be economically beneficial and the town ended this option for residents in 2012. The motivation behind establishing a new recycling program in Waterville is making Waterville more environmentally friendly, the creation of jobs for residents in the trash collecting business, …


Individuals Willingness To Pay For Health And Wellness In The Built Environment, Max Pollinger Aug 2014

Individuals Willingness To Pay For Health And Wellness In The Built Environment, Max Pollinger

Journal of Environmental and Resource Economics at Colby

Improving biological sustainability through health and wellness improvements in the built environment is currently being applied to high-end real estate development in both the residential and commercial environment in the United States. However, the market for health and wellness extends well beyond the top income bracket. This study adopts a choice experiment (CE) approach to investigate individual’s willingness to pay (WTP) for health and wellness improvements within their homes. The results suggest that individuals value health as an inelastic good independent of income, and they are willing to pay significant premiums to ensure biological sustainability within their homes independent of …