@article{ref1,
title="Willingness to Pay for Flood Risk Reduction and Its Determinants in Japan",
journal="Journal of the American Water Resources Association",
year="2006",
author="Zhai, Guofang and Sato, Toshihisa and Fukuzono, Teruki and Ikeda, Shunya and Yoshida, Kentaro",
volume="42",
number="4",
pages="927-940",
abstract="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 y2,887 to y4,861 and from a median of y1,000 to y2,000. 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.<p />",
language="",
issn="1093-474X",
doi="10.1111/j.1752-1688.2006.tb04505.x",
url="http://dx.doi.org/10.1111/j.1752-1688.2006.tb04505.x"
}