TEST CH SERVER Final analysis showed that the average household was willing to pay $153 for a prevention program. This rate was then multiplied by the number of households sampled to get the final valuation of $17.2 billion. “The results were eye-opening in that we could tell how much people really value marine resources and ecosystems,” said Boyle. “And even more meaningful because we did additional analysis that proved the legitimacy of oft-criticized values for environmental resources.” The project team administered surveys to a large random sample of American adults nationwide after three years of survey development. The first round of surveys was administered face-to-face with trained interviewers while the remaining surveys were completed via mail. Survey participants were informed of pre- and post-spill conditions in the Gulf of Mexico and what caused the oil spill. They were then told about a prevention program, which can be viewed as 100 percent effective insurance against future spill damages, and that another spill would occur in the next 15 years. With this information, participants were asked to vote for or against the program, which would impose a one-time tax on their household.
Contact us for more information Michael Yakubov Director of Graduate Business Programs Phone: (973)-720-2678 Email: yakubovm@wpunj.edu / CCOB-MBA@wpunj.edu Request Info
