Measuring Passive Use Value: Pledges, Donations and CV Responses in Connection with an Important Natural Resource

Mordechai Shechter (), B. Reiser and N. Zaitsev

Environmental & Resource Economics, 1998, vol. 12, issue 4, 457-478

Abstract: This paper examines monetary valuations of lost passive-use benefits associated with damage to a unique environmental resource – a national park, elicited through contingent valuation, and compares them with actual donations to the same end, where the latter are interpreted as a quasi-market expression of willingness to pay for non-market resource services. The relationships between the two valuation approaches were investigated in the specific context of an environmental episode which damaged a unique natural endowment, Israel's Carmel National Park. The empirical analysis is based on data from two sample surveys; one sample was drawn from the population of people who either pledged or pledged and donated during a fund-raising campaign following the episode, with the proceeds dedicated to rehabilitation or prevention of future episodes; the second sample was drawn from the general population of the country. The results cannot be interpreted as providing unqualified support for the reliability of contingent valuation as a means for obtaining passive use values. Copyright Kluwer Academic Publishers 1998

Keywords: passive-use benefits; existence value; CVM; donations; quasi-market valuations; JEL Classification: Q20; Q24; Q26 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (11)

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DOI: 10.1023/A:1008397411466

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