Title: Valuing environmental preferences : theory and practice of the contingent valuation method in the US, EU, and developing countries /
Authors: Bateman, Ian.; Willis, K. G.
Publisher: Oxford University Press,
Year: 1999
Subjects: Environmental economics; Contingent valuation.; Public goods.
Abstract: "Just as individuals have preferences regarding the various goods and services they purchase every day, so they also hold preferences regarding public goods such as those provided by the natural environment. However, unlike private goods, environmental goods often cannot be valued by direct reference to any market price. This makes economic analysis of the costs and benefits of environmental change problematic. Over the past few decades a number of methods have developed to address this problem by attempting to value environmental preferences. Principal amongst these has been the contingent valuation (CV) method which uses surveys to ask individuals how much they would be willing to pay or willing to accept in compensation for gains or losses of environmental goods." "This volume, has been written at a time of heated debate over the CV method. It contains specially written papers from both sides of that debate, as well as from commentators who see it as an interesting experimental tool regardless of the question of absolute validity of estimates. The book embraces the theoretical, methodological, empirical, and institutional aspects of the current debate. It covers US, European, and developing country applications, and the institutional frameworks within which CV studies are applied."--Jacket.
Contents: Introduction and overview / Ian J. Bateman and Kenneth G. Willis -- Part I: Theory. The place of economic values in environmental valuation / R. Kerry Turner ; Neo-classical economic theory and contingent valuation / W. Michael Hanemann ; The theory and measurement of passive-use value / Richard T. Carson, Nicholas E. Flores, and Robert C. Mitchell ; Public goods and contingent valuation / Robert Sugden ; Alternatives to the neo-classical theory of choice / Robert Sugden -- Part II: Methodology. Doubt, doubts, and doubters : the genesis of a new research agenda? / Kevin J. Boyle and John C. Bergstrom ; A psychological perspective / Colin Green and Sylvia Tunstall ; Information, uncertainty, and contingent valuation / Alistair Munro and Nick D. Hanley ; A Monte Carlo comparison of OLS estimation errors and design efficiencies in a two-stage stratified random sampling procedure for a contingent valuation study / Kyeongae Choe, William R. Parke, and Dale Whittington ; The statistical analysis of discrete-response CV data / W. Michael Hanemann and Barbara Kanninen ; Multi-level modelling and contingent valuation / Ian H. Langford and Ian J. Bateman ; Stated-preference methods for valuing environmental amenities / Wiktor L. Adamowicz, Peter C. Boxall, Jordan J. Louviere, J. Swait, and M. Williams -- Part III: Case studies. Option and anticipatory values of US wilderness / Richard G. Walsh and John R. McKean ; Elicitation effects in contingent valuation studies / Ian J. Bateman, Ian H. Langford, and Jon Rasbash ; Household demand for improved sanitation services : a case study of Calamba, the Philippines / Donald T. Lauria, Dale Whittington, KyeongAe Choe, Cynthia Turingan, and Virginia Abiad -- Part IV: Institutional frameworks. Contingent valuation methodology and the EU institutional framework / François Bonnieux and Pierre Rainelli ; Contingent valuation methodology and the US institutional framework / John B. Loomis.