Public Willingness to Pay for Green Lifestyle in China: A Contingent Valuation Method Based on Integrated Model

Geng, Jichao; Yang, Na; Zhang, Wei; Li, Yang

doi:10.3390/ijerph20032185

Cited by 3 publications

(2 citation statements)

References 73 publications

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“…[25] substantiates this statement by revealing that income influences domestic solar water heater acceptance. This was also proven by [26], revealing that income can affect the willingness to pay of an individual with a green lifestyle. Ref.…”

Section: Conceptual Frameworkmentioning

confidence: 80%

Save Myself or Others? The Influence of Attitude toward FMCG Products from Recycled Material on the Intention to Buy Them: Hidden Motives and the Role of Income

2023

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Buying products made from recycled materials is an important way to support sustainability, especially in the FMCG (fast-moving consumer goods) context. Because these are the products that make up a very large part of consumer spending, it is very important to encourage consumers to buy them when they are made from recycled materials. Therefore, this research aimed to determine the relationship between income, egoistic and altruistic motives, attitude toward FMCG products from recycled material, and intention to buy them. To reach the research aim, questionnaire research was applied and structural equation modeling was carried out to analyze the research results. Based on the analysis of research results, income negatively influenced egoistic motives regarding buying recycled FMCG. Moreover, egoistic motives influenced attitude but did not directly or indirectly influence intention. Altruistic motives were not influenced by income but directly influenced attitude and intention to buy FMCG from recycled materials. When communicating about the benefits of recycled FMCG, altruistic motives should be highlighted, including rationalization of these aspects with specific calculations supporting these statements. Based on research results, such communication could facilitate the highest possibility of developing a sustainable FMCG market from recycled materials.

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Section: Conceptual Frameworkmentioning

confidence: 80%

Save Myself or Others? The Influence of Attitude toward FMCG Products from Recycled Material on the Intention to Buy Them: Hidden Motives and the Role of Income

2023

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“…It has been used to estimate the value of non-market commodities (Peng et al, 2022). However, in a bid to get more insights into consumer behaviour, contingents' valuations are now used to understand behavioral patterns amongst consumers (Geng et al, 2023). The study compared contingent valuations from three different groups on the same residential property.…”

Section: Methodsmentioning

confidence: 99%

Endowment Effect, Information Asymmetry, and Real Estate Market Decisions: Willingness to Pay and Willingness to Accept Disparities

Mwanyepedza,

Mishi

2024

Real Estate Management and Valuation

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The endowment effect has gained dominance over the decades due to its ability to explain behavioral instincts portrayed by individuals when making decisions and its inconsistency with standard economic theories. It has been extensively applied in different fields of study, however its applicability to the housing market has been limited since its establishment. The study seeks to investigate whether the endowment effect exists in the housing market and whether the disclosure of information, increased affordability and agent evaluation significantly reduce the endowment effect. Using data obtained from a survey conducted between January and August 2022 in the Eastern Cape Province of South Africa, the study found that the disclosure of information eliminates the gap between buyers’ valuations and market values, while the gap between sellers’ valuations and market prices is reduced but not eliminated by information disclosure. The study has further concluded that increased affordability and agent evaluations significantly reduce the endowment effect in the housing market. Therefore, the study recommends that private and public entities should establish laws and regulations which promote the disclosure of information to reduce the gap between the willingness to pay (WTP) and the willingness to accept (WTA) that exists in the market.

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Innovative biorefinery approaches for upcycling of post-consumer food waste in a circular bioeconomy context

Patel,

Desai,

Mariam

et al. 2024

Chemical Engineering Journal

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Public Willingness to Pay for Green Lifestyle in China: A Contingent Valuation Method Based on Integrated Model

Cited by 3 publications

References 73 publications

Save Myself or Others? The Influence of Attitude toward FMCG Products from Recycled Material on the Intention to Buy Them: Hidden Motives and the Role of Income

Save Myself or Others? The Influence of Attitude toward FMCG Products from Recycled Material on the Intention to Buy Them: Hidden Motives and the Role of Income

Endowment Effect, Information Asymmetry, and Real Estate Market Decisions: Willingness to Pay and Willingness to Accept Disparities

Innovative biorefinery approaches for upcycling of post-consumer food waste in a circular bioeconomy context

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