Estimating the benefits of an improved tropical cyclone warning service in Vietnam: An application of Choice Experiment

Estimating the benefits of an improved tropical cyclone warning service in Vietnam: An application of Choice Experiment

Principal speaker

Mr Thanh Nguyen

The 1 March meeting of the SE Asia Studies Group will discuss:

“Estimating the benefits of an improved tropical cyclone warning service in Vietnam: An application of Choice Experiment”

Presented by: Thanh Nguyen, a PhD student in School of Economics, The University of Queensland.

Linking tropical cyclone activity with anthropogenic climate change is subject to on-going debate. However, modelling studies consistently have projected that climate change is likely to increase the intensity of cyclones and the related rainfall rates in the future. A precautionary approach to this possibility is to adapt to the adverse effects of the changing climate by improving early warning services for cyclones as a ‘no or low-regrets’ option. Given limited funding resources, assessments of economic efficiency will be necessary, and values for benefits are an essential input. This paper aims to estimate the benefits to households of an improved cyclone warning service in Vietnam. Choice experiment surveys with 1014 respondents were designed and conducted to inform this paper. The benefit estimates of the maximal improvements in a number of attributes of cyclone warning services (i.e. forecasting accuracy, frequency of update, and mobile phone based warnings) are approximately USD7.1–8.1 per household, which would be an upper bound estimate. Results from the marginal willingness to pay for the attributes suggest that investments should be dedicated to improvements in the accuracy of warning information and a warning service based on mobile phone short message.

→ Friday 1 March 2013
→ N16, Meeting Room 1.44
→ Nathan campus
→ 2.30 – 4.00pm

To RSVP, please contact Natasha Vary on (07) 3735 5322 or n.vary@griffith.edu.au by 5.00pm Wednesday 27 February, 2013.

 


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RSVP on or before Wednesday 27 February 2013 , by email n.vary@griffith.edu.au , or by phone 07 3735 5322

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