Since 2014
An estimation of the willingness to pay for biodiesel: a pilot study of diesel consumers
Bio-based and Applied Economics
View Archive Info| Field | Value | |
| Title |
An estimation of the willingness to pay for biodiesel: a pilot study of diesel consumers
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| Creator |
Sivashankar, Pathmanathan; Sabaragamuwa University of Sri Lanka
Weerahewa, Jeevika Pushpakumara, Gamini Galagedara, Lakshman |
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| Subject |
Willingness to pay; Jatropha Biodiesel; Probit regression; diesel consumers
Q21; Q41; Q42 |
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| Description |
Sri Lanka’s energy policy presumes that the country will be meeting 20% of its energy requirements by non-conventional renewable energy resources by 2020. This study attempts to assess diesel vehicle owners’ willingness to pay (WTP) for Jatropha biodiesel and the factors affecting their decisions. The Contingent valuation method (CVM) was used to elicit the WTP for the non-marketed biodiesel, which leads to a hypothetical allocation. For diesel vehicle users, a single bid approach was used at Rs.121/= per litre (€ 0.83). The study was carried out in Kandy region among diesel vehicle users. The factors affecting WTP were estimated using probit regression and WTP was estimated using nonparametric estimation techniques. The mean WTP for biodiesel by the diesel vehicle users was Rs.109 per litre (€ 0.74) for lower bound levels. The median WTP was Rs.124/= per litre (€ 0.85). Elderly respondents with higher education are less likely to pay for biodiesel in both samples. Married respondents with higher income are more likely to pay higher prices for biodiesel.
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| Publisher |
Bio-based and Applied Economics
Bio-based and Applied Economics |
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| Contributor |
Postgraduate Institute of Agriculture, University of Peradeniya
National Science Foundation of Sri Lanka |
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| Date |
2016-04-27
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://www.fupress.net/index.php/bae/article/view/15283
http://www.fupress.net/index.php/bae/article/download/15283/17031 10.13128/BAE-15283 |
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| Source |
Bio-based and Applied Economics; Vol 5, No 1 (2016); 27-45
Bio-based and Applied Economics; Vol 5, No 1 (2016); 27-45 2280-6172 2280-6180 |
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| Language |
eng
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| Relation |
10.13128/BAE-15283
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| Rights |
The authors retain all rights to the original work without any restrictions.License for Published ContentsYou are free to copy, distribute and transmit the work, and to adapt the work. You must attribute the work in the manner specified by the author or licensor (but not in any way that suggests that they endorse you or your use of the work).Licence scheme | Legal codeLicense for MetadataThis Journal published articles metadata are dedicated to the public domain by waiving all publisher's rights to the work worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission.Licence scheme | Legal code
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