By Anna Alberini, James R. Kahn
ISBN-10: 1840642084
ISBN-13: 9781840642087
ISBN-10: 1845427912
ISBN-13: 9781845427917
The guide on Contingent Valuation is exclusive in that it makes a speciality of contingent valuation as a style for comparing environmental switch. It examines econometric matters, conceptual underpinnings, implementation concerns in addition to possible choices to contingent valuation. Anna Alberini and James Kahn have compiled a entire and unique reference quantity containing helpful case stories that display the implementation of contingent valuation in a large choice of purposes. Chapters contain these at the heritage of contingent valuation, a realistic advisor to its implementation, using experimental techniques, an ecological economics standpoint on contingent valuation and methods for constructing international locations.
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Extra resources for Handbook On Contingent Valuation (Elgar Original Reference)
Example text
4609). In addition, the Panel distinguished a subset of items from their guidelines for special emphasis and described them as burden of proof requirements. In describing the elements with this special focus, the Panel stated: if a CV survey suffered from any of the following maladies, we would judge its findings ‘unreliable’: ● ● ● ● ● a high non-response rate to the entire survey or to the valuation question inadequate responsiveness to the scope of the environmental insult lack of understanding of the task by the respondents lack of belief in the full restoration scenario ‘yes’ or ‘no’ votes on the hypothetical referendums that are not followed up or explained by making reference to the cost and/or the value of the program.
58 The second is a large-scale contingent valuation survey sponsored by the State of California and the US Department of Justice. , 1996b, p. iii). The first data set reflects on-site use values from beach recreation. It seems reasonable to expect this behavior would be influenced by concern for injuries from oil to ‘birds and inter-tidal life’ impacted by oil spills along the central coast. 59 One might also like to target the valuation estimates to specific beaches. The two studies were independently planned.
For example, consider the case of a constant elasticity demand function. 4) where m ϭincome p ϭcommodity price , ␥ϭprice and income elasticities (Ͻ0) In general cases, the degree of responsiveness of WTP to the price elasticity will depend on the other features of demand. Nonetheless, for this example they do follow the basic pattern described in terms of elasticities. As we move to non-market goods, the issues in answering the issue of stationarity concern how we define the choice giving rise to the measure of economic value.