Guidance for Deliberative Monetary Valuation Studies

Marije Schaafsma, Bartosz Bartkowski and Nele Lienhoop

International Review of Environmental and Resource Economics, 2018, vol. 12, issue 2-3, 267-323

Abstract: There is growing demand for more pluralistic valuation approaches, for which Deliberative Monetary Valuation (DMV) is suitable. Guidance is needed for valid and reliable DMV application, as exists for conventional willingness to pay studies using stated preference methods. The purpose of this paper is to develop a set of minimal requirements for study design and reporting aimed at DMV practitioners, based on the existing DMV literature as well as related social science literatures. The core contribution of our paper is the practical recommendations for DMV study design focusing on the deliberation process and elicitation format, analysis of the deliberation and willingness to pay results, and validity. We summarise reporting requirements for reliability, before offering conclusions and suggestions for promising future research directions.

Keywords: Environmental valuation; non-market valuation; stated preferences; survey; workshops (search for similar items in EconPapers)
JEL-codes: C93 H41 Q51 Q57 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:now:jirere:101.00000103

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