Valuing Non-market Goods Using Contingent Valuation

Nick Hanley

Journal of Economic Surveys, 1989, vol. 3, issue 3, 235-52

Abstract: Contingent valuation is a technique being developed by economists for the valuation of environmental commodities not traded in markets. This paper discusses the major problem areas associated with this method of value estimation. These comprise bias (strategic, hypothetical and design biases); the aggregations procedure; the choice of question format; and non-use values. Some evidence from comparative studies is reported, and comments made on the accuracy of contingent valuation answers. Finally, the conditions under which contingent valuation seems to operate best are set out. Copyright 1989 by Blackwell Publishers Ltd

Date: 1989
References: Add references at CitEc
Citations: View citations in EconPapers (6)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:bla:jecsur:v:3:y:1989:i:3:p:235-52

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0950-0804

Access Statistics for this article

More articles in Journal of Economic Surveys from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().