PROSPECTS FOR CONTINGENT VALUATION: LESSONS FROM THE SOUTH-EAST FORESTS

Jeffrey Bennett and Marc Carter

Australian Journal of Agricultural Economics, 1993, vol. 37, issue 2, 15

Abstract: The Contingent Valuation Method (CVM) has been strongly criticised in Australia following two prominent applications. The aims in this paper are to review these criticisms and to demonstrate how, through an application of the method, these potential problems were addressed. The results of the application - a valuation of the conservation benefits of the National Estate forests of Southeastern Australia - are presented. A key feature of the application was the use of focus group testing in the questionnaire design phase. Finally, an assessment is made of the future prospects for the use of the CVM in Australia.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 1993
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
https://ageconsearch.umn.edu/record/22615/files/37020079.pdf (application/pdf)

Related works:
Journal Article: PROSPECTS FOR CONTINGENT VALUATION: LESSONS FROM THE SOUTH‐EAST FORESTS (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22615

DOI: 10.22004/ag.econ.22615

Access Statistics for this article

More articles in Australian Journal of Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().