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Contingent Valuation of Environmental Goods

Edited by Daniel McFadden and Kenneth Train ()

in Books from Edward Elgar Publishing

Abstract: Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.

Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
Date: 2017
ISBN: 9781786434685
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Chapters in this book:

Ch 1 Response to cost prompts in stated preference valuation of environmental goods , pp 1-16 Downloads
James Burrows, Powell Dixon and Hiu Man Chan
Ch 2 Fat tails and truncated bids in contingent valuation: an application to an endangered shorebird species , pp 17-42 Downloads
George Parsons and Kelley Myers
Ch 3 Inadequate response to frequency of payments in contingent valuation of environmental goods , pp 43-57 Downloads
Kelley Myers, George Parsons and Kenneth Train
Ch 4 An adding-up test on contingent valuations of river and lake quality , pp 58-81 Downloads
William Desvousges, Kristy Mathews and Kenneth Train
Ch 5 Do contingent valuation estimates of willingness to pay for non-use environmental goods pass the scope test with adequacy? A review of the evidence from empirical studies in the literature , pp 82-152 Downloads
James Burrows, Rebecca Newman, Jerry Genser and Jeffrey Plewes
Ch 6 Stated preference methods and their applicability to environmental use and non-use valuations , pp 153-187 Downloads
Daniel McFadden
Ch 7 Some findings from further exploration of the “composite good†approach to contingent valuation , pp 188-223 Downloads
Michael Kemp, Edward Leamer, James Burrows and Powell Dixon
Ch 8 Inferences from stated preference surveys when some respondents do not compare costs and benefits , pp 224-251 Downloads
Edward Leamer and Josh Lustig
Ch 9 Assessing the validity of stated preference data using follow-up questions , pp 252-269 Downloads
Kelley Myers, Doug MacNair, Ted Tomasi and Jude Schneider
Ch 10 Hypothetical bias: a new meta-analysis , pp 270-291 Downloads
Harry Foster and James Burrows
Ch 11 Legal obstacles for contingent valuation methods in environmental litigation , pp 292-306 Downloads
Brian D. Israel, Jean Martin, Kelly Smith Fayne and Lauren Daniel

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