Willingness to pay for flood risk reduction and its determinants in japan

Guofang Zhai, Teruko Sato, Teruki Fukuzono, Saburo Ikeda, Kentaro Yoshida

Research output: Contribution to journalArticle

50 Citations (Scopus)

Abstract

This study aimed to clarify public preferences for flood control measures in Japan, willingness to pay (WTP), and the main factors involved in WTP by applying the contingent valuation method. Findings showed that most residents surveyed expected some flood control measures, and revealed a diversity of interest in river management. WTP levels for different measures ranged from a mean of ¥2,887 to ¥4,861 and from a median of ¥1,000 to ¥2,000. However, WTP for additional flood risk reduction beyond initial levels was found to be zero. This was considered to be because WTP for flood risk reduction must be determined within a multi-risk context. WTP for flood control measures may increase with per capita income, individual preparedness, and/or experience with flooding, but may decrease with distance from a river, acceptability of flood risk, and provision of environmental information. Furthermore, perception of flood risk may increase WTP, while perception of other risks may decrease it. Methods of dealing with environmental risk that were proposed in the survey may have affected WTP levels.

Original languageEnglish
Pages (from-to)927-940
Number of pages14
JournalJournal of the American Water Resources Association
Volume42
Issue number4
DOIs
Publication statusPublished - Aug 1 2006
Externally publishedYes

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willingness to pay
flood control
river management
risk reduction
contingent valuation
environmental risk
flooding
income
river
control measure

All Science Journal Classification (ASJC) codes

  • Ecology
  • Water Science and Technology
  • Earth-Surface Processes

Cite this

Willingness to pay for flood risk reduction and its determinants in japan. / Zhai, Guofang; Sato, Teruko; Fukuzono, Teruki; Ikeda, Saburo; Yoshida, Kentaro.

In: Journal of the American Water Resources Association, Vol. 42, No. 4, 01.08.2006, p. 927-940.

Research output: Contribution to journalArticle

Zhai, Guofang ; Sato, Teruko ; Fukuzono, Teruki ; Ikeda, Saburo ; Yoshida, Kentaro. / Willingness to pay for flood risk reduction and its determinants in japan. In: Journal of the American Water Resources Association. 2006 ; Vol. 42, No. 4. pp. 927-940.
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