Author(s):
Cunha-e-Sá, Maria A. ; Til, Dietrich ; Faria, Ana ; Nunes, Luís Catela ; Ortigão, Margarida ; Rosa, Renato ; Silva, Carina Vieira da
Date: 2025
Persistent ID: http://hdl.handle.net/10362/174656
Origin: Repositório Institucional da UNL
Subject(s): Crowdfunding; Environmental protection; Discrete choice experiment; Payment vehicle; Perceived quality of institutions; O35; Q01; Q58; H23; Q51; Q53; Economics and Econometrics; Management, Monitoring, Policy and Law; SDG 14 - Life Below Water
Description
Funding Information: This work was funded by Funda\u00E7\u00E3o para a Ci\u00EAncia e a Tecnologia (UIDB/00124/2020, UIDP/00124/2020 and Social Sciences DataLab, PINFRA/22209/2016), POR Lisboa and POR Norte (Social Sciences DataLab, PINFRA/22209/2016). The study was developed in the context of the MarES project (MarNoruega/0002/2016). Renato Rosa acknowledges funding from FCT under the Scientific Employment Stimulus (CEECIND/02230/2017). CeBER's research is funded by national funds through FCT\u2013 Funda\u00E7\u00E3o para a Ci\u00EAncia e a Tecnologia, I.P., Project UIDB/05037/2020 Publisher Copyright: © The Author(s) 2024.
In this study, we use a discrete choice experiment to elicit the willingness-to-pay (WTP) for preventing and mitigating the effects of oil spills on marine and coastal ecosystem services, along a particularly vulnerable coastal region of mainland Portugal. We used a split-sample design to analyze the differences between two payment vehicles (PV): a mandatory extra income tax and a voluntary contribution collected by a crowdfunding campaign with a provision point mechanism and a money-back guarantee. The difference between the two PVs is examined in a setting where the local population has a negative perception of the quality of institutions. We find that respondents are more willing to contribute when presented with the crowdfunding version. Also, regardless of the payment vehicle, respondents who express a mistrust in institutions are more likely to choose the status quo. These results suggest the potential of using crowdfunding to support ecosystem services’ conservation initiatives.
