Author: Peter A. DiamondPublisher:
ISBN:
Category :
Languages : en
Pages : 5
Book Description
Testing the Internal Consistency of Contingent Valuation Surveys
Author: Peter A. DiamondTesting the Internal Consistency of Contingent Valuation Surveys
Author: Peter A. DiamondDetermining the Value of Non-Marketed Goods
Author: Raymond J. KoppPublisher: Springer Science & Business Media
ISBN: 9401153647
Category : Business & Economics
Languages : en
Pages : 337
Book Description
Contingent valuation (CV) measures what is called passive use value or existence value. The CV method has been used to measure the benefits of environmental policy actions. CV measures of economic value rely on choice. In CV studies, choices are posed to people in surveys; analysts then use the responses to these choice questions to construct monetary measures of value. The specific mechanism used to elicit respondents' choices can take a variety of forms, including asking survey respondents whether they would purchase, vote, or pay for a program or some other well-defined object of choice. It can also be a direct elicitation of the amount each respondent would be willing to pay (WTP) to obtain an object of choice or the amount each respondent would be willing to accept (WTA) in compensation to give it up. This volume is composed of three sections. The first section provides background into the issues underlying the public and academic discussion regarding CV and the reliability of CV estimates of economic value. In addition, this section reviews the theory underlying the measurement of economic value and discusses those aspects of the theory most relevant to CV. The second section focuses on issues that have formed the core of the CV discussions including: sensitivity of WTP estimates to the size of the program offered, tests for theoretical consistency of CV results, and the sensitivity of results to context and numerous other features of the survey and its administration. The final section addresses the application of CV to actual economic valuation tasks and discusses the types of practical problems the CV researcher will encounter.
Using Surveys to Value Public Goods
Author: Robert Cameron MitchellPublisher: Routledge
ISBN: 1135887748
Category : Nature
Languages : en
Pages : 482
Book Description
Economists and others have long believed that by balancing the costs of such public goods as air quality and wilderness areas against their benefits, informed policy choices can be made. But the problem of putting a dollar value on cleaner air or water and other goods not sold in the marketplace has been a major stumbling block. Mitchell and Carson, for reasons presented in this book, argue that at this time the contingent valuation (CV) method offers the most promising approach for determining public willingness to pay for many public goods---an approach likely to succeed, if used carefully, where other methods may fail. The result of ten years of research by the authors aimed at assessing how surveys might best be used to value public goods validly and reliably, this book makes a major contribution to what constitutes best practice in CV surveys. Mitchell and Carson begin by introducing the contingent valuation method, describing how it works and the nature of the benefits it can be used to measure, comparing it to other methods for measuring benefits, and examining the data-gathering technique on which it is based---survey research. Placing contingent valuation in the larger context of welfare theory, the authors examine how the CV method impels a deeper understanding of willingness-to-pay versus willingness-to-accept compensation measures, the possibility of existence values for public goods, the role of uncertainty in benefit valuation, and the question of whether a consumer goods market or a political goods market (referenda) should be emulated. In developing a CV methodology, the authors deal with issues of broader significance to survey research. Their model of respondent error is relevant to current efforts to frame a theory of response behavior and bias typology will interest those considering the cognitive aspects of answering survey questions. Mitchell and Carson conclude that the contingent valuation method can obtain valid valuation information on public goods, but only if the method is applied in a way that addresses the potential sources of error and bias. They end their book by providing guidelines for CV practitioners, a list of questions that should be asked by any decision maker who wishes to use the findings of a CV study, and suggestions for new applications of contingent valuation. Additional features include a comprehensive bibliography of the CV literature and an appendix summarizing more than 100 CV studies.
The International Yearbook of Environmental and Resource Economics 2004/2005
Author: Thomas H. TietenbergPublisher: Edward Elgar Publishing
ISBN: 9781845420680
Category : Business & Economics
Languages : en
Pages : 316
Book Description
The 2004 5 edition of this annual publication provides again a first-rate compilation of various major topics in environmental and resource economics written by the leading specialists in the field. . . The contributions are an exciting and inspiring resource for the development of further research, and this book should be recommended to students and researchers in environmental and resource economics as well as social science. Katrin Daedlow, Environmental Politics As every year, Tom Tietenberg and Henk Folmer have edited The International Yearbook of Environmental and Resource Economics. . . This book, and indeed the whole collection, are tremendously useful as basic tools for professionals in research, teaching and policy making. Michel Griffon, Quarterly Journal of International Agriculture This major annual publication provides a state-of-the-art survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year s volume include: contingent valuation environmental policy, technological change and economic growth land use decisions and policy sustainability indicators value transfer and environmental policy joint implementation in climate change policy environmentally harmful subsidies.
Superfund Reassessment and Reauthorization
Author: United States. Congress. Senate. Committee on Environment and Public Works. Subcommittee on Superfund, Waste Control, and Risk AssessmentPublisher:
ISBN:
Category : Environmental law
Languages : en
Pages : 1364
Book Description
The Stated Preference Approach to Environmental Valuation, Volumes I, II and III
Author: Richard T. CarsonPublisher: Routledge
ISBN: 1351881574
Category : Science
Languages : en
Pages : 1880
Book Description
There is a truly enormous literature on using stated preference information to place a monetary value on environmental amenities. This three volume set provides the key papers for understanding the historical development of contingent valuation, its theoretical and statistical foundations, and the major controversies. It also contains representative papers covering all of the major application areas in environmental valuation.
Superfund Reauthorization
Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Water Resources and EnvironmentPublisher:
ISBN:
Category : Law
Languages : en
Pages : 1512
Book Description
A Primer on Nonmarket Valuation
Author: Patricia A. ChampPublisher: Springer
ISBN: 9400771045
Category : Business & Economics
Languages : en
Pages : 508
Book Description
This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.
Contingent Valuation of Environmental Goods
Author: Daniel McFaddenPublisher: Edward Elgar Publishing
ISBN: 1786434695
Category : Contingent valuation
Languages : en
Pages : 337
Book Description
Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.