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Exploring nonmarket values for the social impacts of environmental policy change

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  • Berrens, Robert P.
  • Brookshire, David
  • Ganderton, Philip
  • McKee, Mike

Abstract

Although the majority of contingent valuation studies have been for environmental goods, the method can be applied to public goods in general. Further, a specific environmental policy may generate both positive and negative nonmarket values. This exploratory study investigates the presence of nonmarket values for maintaining the status quo land use and avoiding social impacts from an environmental policy change. The test case, grazing reform on federal lands in New Mexico, was chosen because of the complexity of the public debate. By switching the traditional perspective, we demonstrate the need to accommodate multi-dimensionality in nonmarket research into controversial policies.

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Bibliographic Info

Article provided by Elsevier in its journal Resource and Energy Economics.

Volume (Year): 20 (1998)
Issue (Month): 2 (June)
Pages: 117-137

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Handle: RePEc:eee:resene:v:20:y:1998:i:2:p:117-137

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Web page: http://www.elsevier.com/locate/inca/505569

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References

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  1. Buhr, Brian L. & Hayes, Dermot J. & Shogren, Jason F. & Kliebenstein, James, 1993. "Valuing Ambiguity: The Case of Genetically Engineered Growth Enhancers," Staff General Research Papers 675, Iowa State University, Department of Economics.
  2. Donald H. Rosenthal & Robert H. Nelson, 1992. "Why existence value should not be used in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 11(1), pages 116-122.
  3. Hanemann, W Michael, 1991. "Willingness to Pay and Willingness to Accept: How Much Can They Differ?," American Economic Review, American Economic Association, vol. 81(3), pages 635-47, June.
  4. Raymond J. Kopp, 1992. "Why existence value should be used in cost-benefit analysis," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 11(1), pages 123-130.
  5. Lockwood, Michael & Loomis, John & De Lacy, Terry, 1994. "The relative unimportance of a nonmarket willingness to pay for timber harvesting," Ecological Economics, Elsevier, vol. 9(2), pages 145-152, February.
  6. Kahneman, Daniel & Ritov, Ilana, 1994. "Determinants of Stated Willingness to Pay for Public Goods: A Study in the Headline Method," Journal of Risk and Uncertainty, Springer, vol. 9(1), pages 5-38, July.
  7. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
  8. Richard C. Bishop & Michael P. Welsh, 1992. "Existence Values in Benefit-Cost Analysis and Damage Assessment," Land Economics, University of Wisconsin Press, vol. 68(4), pages 405-417.
  9. Whittlesey, Norman K. & Huffaker, Ray G. & Butcher, Walter R., 1993. "Grazing Policy on Public Lands," Choices, Agricultural and Applied Economics Association, vol. 8(3).
  10. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
  11. Thomas H. Stevens & homas A. More & Ronald J. Glass, 1994. "Interpretation and Temporal Stability of CV Bids for Wildlife Existence: A Panel Study," Land Economics, University of Wisconsin Press, vol. 70(3), pages 355-363.
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Cited by:
  1. Bandara, Ranjith & Tisdell, Clement A., 2003. "Use and non-use values of wild Asian elephants: A total economic valuation approach," Economics, Ecology and Environment Working Papers 48961, University of Queensland, School of Economics.
  2. Alok Bohara & Joe Kerkvliet & Robert Berrens, 2001. "Addressing Negative Willingness to Pay in Dichotomous Choice Contingent Valuation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 20(3), pages 173-195, November.
  3. Kynda R. Curtis & Klaus Moeltner, 2007. "The effect of consumer risk perceptions on the propensity to purchase genetically modified foods in Romania," Agribusiness, John Wiley & Sons, Ltd., vol. 23(2), pages 263-278.

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