Reconsidering Donations for Nonmarket Valuation

Matthew Kotchen

Environmental & Resource Economics, 2015, vol. 62, issue 3, 490 pages

Abstract: Researchers employing the stated-preference technique of contingent valuation have a history of using donations to value public goods despite conceptual differences between willingness to pay and willingness to donate. The practice is justified based on an understanding that willingness to donate can serve as a theoretical lower bound of the appropriate measure of Hicksian surplus. This paper shows that the basis for this understanding in the literature is incomplete and potentially misleading. If donations are used in valuation surveys, greater attention is needed to ensure consistency between the way stated preferences are elicited and donations would occur in practice. Copyright Springer Science+Business Media Dordrecht 2015

Keywords: Contingent valuation; Donations; Impure altruism (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s10640-014-9825-5

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