Was the NOAA Panel Correct About Contingent Valuation?

Raymond Kopp, V. Smith, Robert Mitchell, Stanley Presser, Paul Ruud, Michael Hanemann (), Jon Krosnick, Michael Conaway, Kerry Martin and Richard Carson

RFF Working Paper Series from Resources for the Future

Abstract: The past few years have seen a highly charged debate about whether contingent valuation (CV) surveys can provide valid economic measures of people's values for environmental resources. In an effort to appraise the validity of CV measures of economic value, a distinguished panel of social scientists, chaired by two Nobel laureates, was established by NOAA, to critically evaluate the validity of CV measures of nonuse value. The Panel provided an extensive set of guidelines for CV survey construction, administration, and analysis, and distinguished a subset of items from their guidelines for special emphasis and described them as burden of proof requirements. Of particular interest was the Panel's requirement that CV surveys demonstrate "responsiveness to the scope of the environmental insult." That demonstration has come to be called a scope test. The paper reports the findings from the first CV study that adheres to the NOAA Panel's guidelines and includes a formal scope test.

Date: 1996-06-01
New Economics Papers: this item is included in nep-agr and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.rff.org/RFF/documents/RFF-DP-96-20.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rff.org/RFF/documents/RFF-DP-96-20.pdf [301 Moved Permanently]--> https://www.rff.org/RFF/documents/RFF-DP-96-20.pdf)

Related works:
Working Paper: Was the NOAA Panel Correct about Contingent Valuation? (1996)
Working Paper: Was the NOAA Panel Correct about Contingent Valuation? (1996)
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:rff:dpaper:dp-96-20

Access Statistics for this paper

More papers in RFF Working Paper Series from Resources for the Future Contact information at EDIRC.
Bibliographic data for series maintained by Resources for the Future ().