A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill

Richard Carson, R.C. Mitchell, W.M. Hanemann, Raymond Kopp, S. Presser and Paul Ruud

MPRA Paper from University Library of Munich, Germany

Abstract: We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study’s release are also briefly discussed.

Keywords: contingent valuation; natural resource damage assessment (search for similar items in EconPapers)
JEL-codes: Q51 Q54 (search for similar items in EconPapers)
Date: 1992
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Citations: View citations in EconPapers (118)

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