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dc.contributor.authorBui, Bich Xuân
dc.contributor.authorSandoft, Erlend
dc.date.accessioned2020-11-29T11:01:20Z
dc.date.available2020-11-29T11:01:20Z
dc.date.issued2020-08-04
dc.description.abstractThe growth in global aquaculture production may address the lack of sustainability in wild fisheries, alleviate poverty in rural and coastal areas, and help meet the worldwide increase in demand for animal protein. However, there is an ongoing debate about the severity of the environmental impact of aquaculture production. Investing in new high-tech production systems can address both productivity growth and the environmental externalities, but high investment costs hinder adoption of high-tech production methods. We investigate the potential of a payment for environmental services program easing access to capital for producers to increase willingness-to-invest in more sustainable aquaculture practices in Vietnam. We conducted two discrete choice experiments to explore the supply and demand side of the policy. First, we elicited the public’s willingness-to-pay to reduce the environmental impact of conventional shrimp aquaculture, and second, we elicited farmers willingness-to-accept a credit subsidy to invest in high-tech production methods. Our results show that the public care about reduced environmental impacts, while farmers strongly prefer increased productivity. Furthermore, the public’s willingness-to-pay for reduced environmental impacts exceeds producer’s willingness-to-accept a subsidy to invest under most scenarios. This implies a potential for more sustainable aquaculture production in Vietnam.en_US
dc.identifier.citationBui BX, Sandoft. Potential for Sustainable Aquaculture: Insights from Discrete Choice Experiments. Environmental and Resource Economics. 2020;77(2):401-421en_US
dc.identifier.cristinIDFRIDAID 1848674
dc.identifier.doi10.1007/s10640-020-00500-6
dc.identifier.issn0924-6460
dc.identifier.issn1573-1502
dc.identifier.urihttps://hdl.handle.net/10037/19932
dc.language.isoengen_US
dc.publisherSpringer Natureen_US
dc.relation.journalEnvironmental and Resource Economics
dc.relation.projectIDinfo:eu-repo/grantAgreement/EC/H2020/793163/EU/The Influence of Information Search on Preference Formation and Choice/INSPIRE/en_US
dc.rights.accessRightsopenAccessen_US
dc.rights.holderCopyright 2020 The Author(s)en_US
dc.subjectVDP::Agriculture and fishery disciplines: 900::Fisheries science: 920::Aquaculture: 922en_US
dc.subjectVDP::Landbruks- og Fiskerifag: 900::Fiskerifag: 920::Akvakultur: 922en_US
dc.titlePotential for Sustainable Aquaculture: Insights from Discrete Choice Experimentsen_US
dc.type.versionpublishedVersionen_US
dc.typeJournal articleen_US
dc.typeTidsskriftartikkelen_US
dc.typePeer revieweden_US


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