Do Contingent Valuation Estimations Pass a 'Scope' Test?A Meta Analysis

V. Smith and Laura Osborne
Authors registered in the RePEc Author Service: Laura O. Taylor

No 95-52, Working Papers from Duke University, Department of Economics

Abstract: This paper considers two tests proposed to judge the internal consistency of contingent valuation estimates. Both tests are quite sensitive to the maintained hypotheses required to derive fairly precise expectations for the properties of WTP functions. This result suggests a different approach may be needed in gauging the reliability of CV. This paper describes an alternative approach that relies on a weight of the evidence criterion and uses meta analysis to develop a systematic appraisal of what are the economic values of changes in amenity resources. The approach is illustrated for the case of estimating people's willingness to pay for improving (or maintaining) visibility at the national parks.

JEL-codes: D61 H42 Q25 (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations:

Published in JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, Vol. 31, 1996, pages 287-301

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:duk:dukeec:95-52

Access Statistics for this paper

More papers in Working Papers from Duke University, Department of Economics Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097.
Bibliographic data for series maintained by Department of Economics Webmaster ().