Contingent Valuation at the Farm Gate

Johanna Hector

No 232275, Discussion Papers from University of Western Australia, School of Agricultural and Resource Economics

Abstract: Today we are moving into a world of economic justification, optimal resource allocation and public opinion recognition. A world where there is a rationale to further explore and develop the contingent valuation method (CVM) for valuing quasi-private goods. In this paper, the traditional CVM is adapted to value agricultural information services provided free of direct charges by private and government sources, in the high rainfall, sheep producing region of Western Australia. The study is designed to ensure the survey sample and the questionnaire itself do not introduce significant biases. The traditional CVM terminology, willingness to pay" is replaced by "maximum price" and "maximum value". Valuation questions used in the survey are based on hypothetical scenarios however, a payment vehicle is not used. To assess these changes the validity of the adapted CVM is discussed.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 20
Date: 1992
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/232275/files/u ... onpapers-003-092.pdf (application/pdf)

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:ags:uwapdp:232275

DOI: 10.22004/ag.econ.232275

Access Statistics for this paper

More papers in Discussion Papers from University of Western Australia, School of Agricultural and Resource Economics Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().