Response to cost prompts in stated preference valuation of environmental goods
Powell Dixon and
Hiu Man Chan
Chapter 1 in Contingent Valuation of Environmental Goods, 2017, pp 1-16 from Edward Elgar Publishing
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 techniqueâ€™s continued use.
Keywords: Economics and Finance; Environment (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:17527_1
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