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Contingent valuation method

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This RePEc Biblio topic is edited by John C. Whitehead (pwh15). It was first published on 2012-12-20 02:06:46 and last updated on 2013-02-27 13:57:00.

Introduction by the editor

The contingent valuation method is a stated preference approach to environmental valuation. The method is useful for estimating benefits and costs for environmental and natural resource policy analysis and benefit-cost analysis. Survey implementation requires attention to survey design including scenario design and the format of the valuation question. The advantages include flexibility, ability to estimate nonuse values and incorporation of ex-ante uncertainty. The accuracy of the method is assessed with various tests for validity and reliability.

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http://en.wikipedia.org/wiki/Contingent_valuation

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Most relevant research

  1. Randall, Alan & Ives, Berry & Eastman, Clyde, 1974, "Bidding games for valuation of aesthetic environmental improvements," Journal of Environmental Economics and Management, Elsevier, volume 1, issue 2, pages 132-149, August.
  2. Richard Carson & Nicholas Flores & Norman Meade, 2001, "Contingent Valuation: Controversies and Evidence," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, volume 19, issue 2, pages 173-210, June, DOI: 10.1023/A:1011128332243.
  3. Randall, Alan, 1998, "Beyond the crucial experiment: mapping the performance characteristics of contingent valuation," Resource and Energy Economics, Elsevier, volume 20, issue 2, pages 197-206, June.
  4. Richard Carson & Jordan Louviere, 2011, "A Common Nomenclature for Stated Preference Elicitation Approaches," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, volume 49, issue 4, pages 539-559, August, DOI: 10.1007/s10640-010-9450-x.
  5. Rowe, Robert D. & D'Arge, Ralph C. & Brookshire, David S., 1980, "An experiment on the economic value of visibility," Journal of Environmental Economics and Management, Elsevier, volume 7, issue 1, pages 1-19, March.
  6. Richard T. Carson & Nicholas E. Flores & Kerry M. Martin & Jennifer L. Wright, 1996, "Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods," Land Economics, University of Wisconsin Press, volume 72, issue 1, pages 80-99.
  7. Boxall, Peter C. & Adamowicz, Wiktor L. & Swait, Joffre & Williams, Michael & Louviere, Jordan, 1996, "A comparison of stated preference methods for environmental valuation," Ecological Economics, Elsevier, volume 18, issue 3, pages 243-253, September.
  8. Paul R. Portney, 1994, "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, volume 8, issue 4, pages 3-17, Fall.
  9. W. Michael Hanemann, 1994, "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, volume 8, issue 4, pages 19-43, Fall.
  10. Peter A. Diamond & Jerry A. Hausman, 1994, "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, volume 8, issue 4, pages 45-64, Fall.
  11. Brookshire, David S, et al, 1982, "Valuing Public Goods: A Comparison of Survey and Hedonic Approaches," American Economic Review, American Economic Association, volume 72, issue 1, pages 165-177, March.
  12. Gregory, Robin & Lichtenstein, Sarah & Slovic, Paul, 1993, "Valuing Environmental Resources: A Constructive Approach," Journal of Risk and Uncertainty, Springer, volume 7, issue 2, pages 177-197, October.
  13. Kahneman, Daniel & Ritov, Ilana & Schkade, David A, 1999, "Economic Preferences or Attitude Expressions?: An Analysis of Dollar Responses to Public Issues," Journal of Risk and Uncertainty, Springer, volume 19, issue 1-3, pages 203-235, December.
  14. Hoehn, John P. & Randall, Alan, 1987, "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, volume 14, issue 3, pages 226-247, September.
  15. Richard Carson & Theodore Groves, 2007, "Incentive and informational properties of preference questions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, volume 37, issue 1, pages 181-210, May, DOI: 10.1007/s10640-007-9124-5.
  16. Catherine L. Kling & Daniel J. Phaneuf & Jinhua Zhao, 2012, "From Exxon to BP: Has Some Number Become Better Than No Number?," Journal of Economic Perspectives, American Economic Association, volume 26, issue 4, pages 3-26, Fall.
  17. Richard T. Carson, 2012, "Contingent Valuation: A Practical Alternative When Prices Aren't Available," Journal of Economic Perspectives, American Economic Association, volume 26, issue 4, pages 27-42, Fall.
  18. Jerry Hausman, 2012, "Contingent Valuation: From Dubious to Hopeless," Journal of Economic Perspectives, American Economic Association, volume 26, issue 4, pages 43-56, Fall.
  19. Schkade David A. & Payne John W., 1994, "How People Respond to Contingent Valuation Questions: A Verbal Protocol Analysis of Willingness to Pay for an Environmental Regulation," Journal of Environmental Economics and Management, Elsevier, volume 26, issue 1, pages 88-109, January.