Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill

Richard Carson, Robert Mitchell, Michael Hanemann (), Raymond Kopp, Stanley Presser and Paul Ruud

Environmental & Resource Economics, 2003, vol. 25, issue 3, 257-286

Abstract: We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study's release are also briefly discussed. Copyright Kluwer Academic Publishers 2003

Keywords: natural resource damage assessment (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (165)

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DOI: 10.1023/A:1024486702104

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