Resumen
The value of a good is contingent on an individual?s experience that reveals the nature of the good. This study investigates the effects of a water shortage due to the Great East Japan Earthquake and Tsunami Disaster in 2011 on the voluntary management of community wells in the water-rich town of Otsuchi, Japan. A questionnaire survey based on a choice experiment (CE) framework was conducted in 2015 in which a total of 127 residents participated. The responses were then analyzed using two types of logit models that consider preference heterogeneity across survey participants. The results revealed that the severity and duration of the water shortage had opposing effects on people?s attitudes toward the wells. More specifically, increasingly severe water shortages due to the unavailability of water rendered people less supportive of the wells, whereas water shortages of a longer duration caused by limited access to water resources made people more supportive.