Plural Values and Environmental Valuation
AbstractThe paper discusses some of the criticisms of contingent valuation (CV) and allied techniques for estimating the intensity of peoples' preferences for the environment. The weakness of orthodox utilitarian assumptions in economics concerning the commensurability of all items entering into peoples' choices is discussed. The concept of commensurability is explored as is the problem of rational choice between incommensurate alternatives. While the frequent claim that the environment has some unique moral intrinsic value is unsustainable, its preservation often raises ethical and other motivations that are not commensurate with the values that people place on ordinary marketable goods. Nevertheless, CV is also claimed to have some advantages and it is concluded that little progress will be made in this area until both sides in the debate recognise what is valid in their opponents' arguments.
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Bibliographic InfoArticle provided by White Horse Press in its journal Environmental Values.
Volume (Year): 6 (1997)
Issue (Month): 1 (February)
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Web page: http://www.erica.demon.co.uk
Environmental values; contingent valuation; commensurability; cost-benefit analysis; utilitarianism;
Find related papers by JEL classification:
- D6 - Microeconomics - - Welfare Economics
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
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- Mainwaring, Lynn, 2001. "Environmental values and the frame of reference," Ecological Economics, Elsevier, vol. 38(3), pages 391-402, September.
- Martinez-Alier, Joan & Munda, Giuseppe & O'Neill, John, 1998. "Weak comparability of values as a foundation for ecological economics," Ecological Economics, Elsevier, vol. 26(3), pages 277-286, September.
- Clifford S. Russell & Thomas Bue Bjorner & Christopher D. Clark, 2001. "Searching for Evidence of Alternative Preferences, Public as Opposed to Private," Vanderbilt University Department of Economics Working Papers 0101, Vanderbilt University Department of Economics.
- Russell, Clifford S. & Bjorner, Thomas Bue & Clark, Christopher D., 2003. "Searching for evidence of alternative preferences, public as opposed to private," Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 1-27, May.
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