Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/321777 
Year of Publication: 
2023
Citation: 
[Journal:] Bio-based and Applied Economics (BAE) [ISSN:] 2280-6172 [Volume:] 12 [Issue:] 3 [Year:] 2023 [Pages:] 197-220
Publisher: 
Firenze University Press, Florence
Abstract: 
This paper applies a Bayesian approach to incorporate non-data information in estimating the opportunity cost for farmers in rural Cameroon to engage in biodiversity conservation and carbon sequestration efforts. Findings from our field survey reveal that only a small percentage of farmers are willing to participate in environmental protection programmes without compensation. A multidimensional preferences analysis indicates that this behavior may be attributed to a disconnection between environmental values and socioeconomic values. Bayesian analysis of the Tobit model, examining Willingness to Accept (WTA) compensation for agroforestry participation, highlights that factors such as aging, higher educational attainment, and higher socioeconomic status are highly likely to promote pro-environmental behaviors. The estimated opportunity cost of supplying environmental services is 10,775 CFA francs with a standard deviation of 333.6 CFA francs per farmer. These results differ qualitatively from the existing literature, underscoring the relative significance of considering expert knowledge in the interpretation of environmental policies.
Subjects: 
Bayesian analysis
environmental services
stated preferences
opportunitycost
rural Cameroon
JEL: 
Q57
C34
C11
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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