EVALUATING NATIONAL POLICY BY CONTINGENT VALUATION

Warren Kriesel and Alan Randall

No 278156, 1986 Annual Meeting, July 27-30, Reno, Nevada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The contingent valuation method is extended to policy valuation via two innovations: a model where the citizen evaluates the impact that policy has, and registers her willingness to pay by a voting procedure. Estimated annual national benefits from a proposed policy to reduce air and water pollution loads by 257 exceed $61 billion.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 16
Date: 1986-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea86:278156

DOI: 10.22004/ag.econ.278156

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