The Contingent Valuation Method: Retrospect and Prospect

Clive Spash

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores the contingent valuation method for environmental valuation. Issues are raised over the validity of the approach as a method of assessing the underlying preferences of individuals. An alternative interpretation is given to the method as a means of exploring underlying motivation in a rich vein of social psychological research.

Keywords: Contingent valuation; cost-benefit analysis; valuation of Nature; economic valuation; psychology; behaviour; ethics; lexicographic preferences; incommensurability; refusals to trade; public policy; survey design; sociology of science (search for similar items in EconPapers)
JEL-codes: A11 D01 D03 D46 D61 Q5 Q52 Q57 Q58 (search for similar items in EconPapers)
Date: 2008-04
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published in Environment and Planning C: Government & Policy 1.26(2008): pp. 34-53

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Related works:
Working Paper: The Contingent Valuation Method: Retrospect and Prospect (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:101234

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