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Contingent Valuation and Collective Choice

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  • Felix Schläpfer
  • Nick Hanley

Abstract

Contingent valuation (CV) is a widely used but controversial survey-based technique for estimating the nonmarket benefits of environmental goods and services. This study is the first to compare the outcome of a self-contained CV survey with the outcome of a collective decision, by contrasting hypothetical willingness to pay with willingness to pay inferred from aggregate voting returns and tax liability distributions. The empirical dataset is from a CV survey and a referendum on a proposition to increase financing for landscape and heritage protection in the canton of Zurich, Switzerland. Voting-based willingness to pay was only a small fraction of stated willingness to pay, indicating an inflation in values due to the hypothetical context. Copyright 2006 Blackwell Publishing Ltd..

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 59 (2006)
Issue (Month): 1 (02)
Pages: 115-135

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Handle: RePEc:bla:kyklos:v:59:y:2006:i:1:p:115-135

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Cited by:
  1. Schlaepfer, Felix & Mann, Stefan, 2012. "Eine erweiterte Gesamtrechnung der multifunktionalen Schweizer Landwirtschaft," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137140, German Association of Agricultural Economists (GEWISOLA).
  2. Schlapfer, Felix, 2008. "Contingent valuation: A new perspective," Ecological Economics, Elsevier, vol. 64(4), pages 729-740, February.
  3. Deacon, Robert T & Schläpfer, Felix, 2007. "The spatial range of public goods revealed through referendum voting," University of California at Santa Barbara, Economics Working Paper Series qt1pf1369j, Department of Economics, UC Santa Barbara.
  4. Miguet, Florence, 2008. "Voting about immigration policy: What does the Swiss experience tell us?," European Journal of Political Economy, Elsevier, vol. 24(3), pages 628-641, September.
  5. Felix Schlaepfer & Marcel Schmitt & Anna Roschewitz, 2007. "Competitive politics, simplified heuristics, and preferences for public goods," SOI - Working Papers 0712, Socioeconomic Institute - University of Zurich.
  6. Robert Deacon & Felix Schläpfer, 2010. "The Spatial Range of Public Goods Revealed Through Referendum Voting," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 47(3), pages 305-328, November.
  7. Stefan Baumgaertner & Alexandra M. Klein & Denise Thiel & Klara Winkler, 2013. "Ramsey discounting of ecosystem services," Working Paper Series in Economics 281, University of Lüneburg, Institute of Economics.
  8. Schlapfer, Felix & Schmitt, Marcel, 2007. "Anchors, endorsements, and preferences: A field experiment," Resource and Energy Economics, Elsevier, vol. 29(3), pages 229-243, September.

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