Detailed vs. fuzzy information in non-market valuation studies: the role of familiarity
Linus Hasselstr�m and
Cecilia H�kansson
Journal of Environmental Planning and Management, 2014, vol. 57, issue 1, 123-143
Abstract:
We apply a split-sample contingent valuation survey to test whether the level of ecological information affects the willingness to pay (WTP) and valuation uncertainty for improved water quality. For respondents who are unfamiliar with water quality problems, the WTP is significantly different between the sample that received detailed ecological information and the sample that received fuzzy information. This study also provides new empirical evidence for the counterfactual; in a situation with high familiarity, more information does not affect mean WTP. The main recommendation to future valuation practice is to provide detailed ecological information in the case when many respondents are unfamiliar with the good. The level of information did not influence valuation uncertainty.
Date: 2014
References: View complete reference list from CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/09640568.2012.736370 (text/html)
Access to full text is restricted to subscribers.
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:taf:jenpmg:v:57:y:2014:i:1:p:123-143
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CJEP20
DOI: 10.1080/09640568.2012.736370
Access Statistics for this article
Journal of Environmental Planning and Management is currently edited by Dr Neil Powe, Dr Ken Willis and George Bill Page
More articles in Journal of Environmental Planning and Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().