Economics
- ISSN: 2155-7950
- Journal of Business and Economics
Contingent Valuation Method (CVM) for Agricultural Wastes in Greece
Odysseas Kopsidas1, Leonidas Fragkos-Livanios2
(1. Technological Educational Institute of Thessaloniki, Thessaloniki 57400,, Greece;
2. Hellenic Army Academy, Vari, Attiki 16673, Greece)
Abstract: This paper focuses on investigating the tendency of farmers in the greater area of Thessaloniki as well as those on the islands of Samos and Ikaria to participate in a program of environmental management. The aim is to investigate the level of amount WTA against which the farmers would be willing to allow anyone to gather and carry away the leftovers of their farming exploitation. To serve the above goals, the agricultural leftovers are evaluated by the Contingent Valuation Method (CVM) as an environmental non-market economic commodity. By the term Biomass we mean the biodegradable products fraction, wastes and leftovers coming from agricultural, plants and animal substances inclusive, the forestall and the like industrial plant, as well as the biodegradable fraction of industrial wastes and urban effluents and sewage wastes.
Key words: willingness to accept; WTA; biomass; ordinal model; parametric approach; questionnaire
JEL code: Q5