2011•Unpublished venueRequires access

Willingness to Pay for Cleaning up Road Dust in Vientiane

Phouphet Kyophilavong, Jeff Bennett

Abstract

This paper sets out to estimate residents’ Willingness to Pay (WTP) for cleaning up road dust in urban areas of Vientiane, Laos. The analysis relies on the Contingent Valuation Method (CVM) and seeks to identify the factors affecting WTP. Based on a sample of 6,590 respondents, the results show a mean WTP of 7069 kip (USD0.86) per person per month. This amounts to 4.7% of residents’ average monthly income. Education and income have a statistically positive impact on WTP. Conversely, the number of children in family has a statistically negative impact on WTP. These results offer information to policy makers dealing with the dust problem on urban roads in Vientiane. Key words: Road dust; Contingent valuation method (CVM); Willingness to pay; Vientiane

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Key concepts: Contingent valuation, Willingness to pay, Valuation (finance), Business, Sample (material), Socioeconomics, Agricultural economics, Economics