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Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill

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Author Info
Richard Carson
Robert Mitchell
Michael Hanemann
Raymond Kopp
Stanley Presser
Paul Ruud

Additional information is available for the following registered author(s):

Abstract

We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study's release are also briefly discussed. Copyright Kluwer Academic Publishers 2003

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File URL: http://hdl.handle.net/10.1023/A:1024486702104
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Publisher Info
Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 25 (2003)
Issue (Month): 3 (July)
Pages: 257-286
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:enreec:v:25:y:2003:i:3:p:257-286

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Web page: http://www.springerlink.com/link.asp?id=100263

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Related research
Keywords: natural resource damage assessment;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. 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. [Downloadable!] (restricted)
  2. Carson, Richard T. & Hanemann, W. Michael, 2006. "Contingent Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 17, pages 821-936 Elsevier. [Downloadable!] (restricted)
  3. Richard T. Carson & Nicholas E. Flores & Robert Cameron Mitchell, 1995. "The Theory and Measurement of Passive Use Value," University of California at San Diego, Economics Working Paper Series 95-01, Department of Economics, UC San Diego.
  4. Richard Carson & Theodore Groves, 2007. "Incentive and informational properties of preference questions," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 37(1), pages 181-210, May. [Downloadable!] (restricted)
  5. Carson, Richard T. & Hanemann, W. Michael & Kopp, Raymond J. & Krosnick, Jon A. & Mitchell, Robert C. & Presser, Stanley & Ruud, Paul A. & Smith, V. Kerry, 1995. "Temporal Reliability of Estimates from Contingent Valuation," Working Papers 95-05, Duke University, Department of Economics. [Downloadable!]
    Other versions:
  6. Anna Alberini & Richard T. Carson, 1993. "Choice of Thresholds for Efficient Binary Discrete Choice Estimation," University of California at San Diego, Economics Working Paper Series 90-34r, Department of Economics, UC San Diego.
    Other versions:
  7. Richard T. Carson & Nicholas E. Flores & Norman F. Meade, 2000. "Contingent Valuation: Controversies and Evidence," University of California at San Diego, Economics Working Paper Series 96-36r, Department of Economics, UC San Diego. [Downloadable!]
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  8. Robert Mitchell, 2002. "On Designing Constructed Markets in Valuation Surveys," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(1), pages 297-321, June. [Downloadable!] (restricted)
  9. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January. [Downloadable!] (restricted)
  10. Hoehn, John P & Randall, Alan, 1989. "Too Many Proposals Pass the Benefit Cost Test," American Economic Review, American Economic Association, vol. 79(3), pages 544-51, June. [Downloadable!] (restricted)
  11. Diamond, Peter A & Hausman, Jerry A, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall. [Downloadable!] (restricted)
  12. Richard T. Carson, 1995. "Contingent Valuation Surveys and Tests of Insensitivity to Scope," University of California at San Diego, Economics Working Paper Series 95-05, Department of Economics, UC San Diego.
  13. Richard T. Carson & Leanne Wilks & David Imber, 1994. "Valuing the Preservation of Australia's Kakadu Conservation Zone," University of California at San Diego, Economics Working Paper Series 94-09, Department of Economics, UC San Diego.
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  14. Hanemann, W Michael, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall. [Downloadable!] (restricted)
  15. Anna Alberini & Barbara Kanninen & Richard T. Carson, 1997. "Modeling Response Incentive Effects in Dichotomous Choice Contingent Valuation Data," University of California at San Diego, Economics Working Paper Series 97-07, Department of Economics, UC San Diego. [Downloadable!]
  16. Portney, Paul R, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall. [Downloadable!] (restricted)
  17. Carson Richard T. & Mitchell Robert Cameron, 1995. "Sequencing and Nesting in Contingent Valuation Surveys," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 155-173, March. [Downloadable!] (restricted)
  18. Haab, Timothy C. & McConnell, Kenneth E., 1997. "Referendum Models and Negative Willingness to Pay: Alternative Solutions," Journal of Environmental Economics and Management, Elsevier, vol. 32(2), pages 251-270, February. [Downloadable!] (restricted)
    Other versions:
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Isabel Mendes, 2004. "Valuing Ecosystems - A Methodological Applying Approach," Working Papers 2004/11, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
    Other versions:
  2. Bruno Frey & Simon Luechinger & Alois Stutzer, 2004. "Valuing Public Goods: The Life Satisfation Approach," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
    Other versions:
  3. Emmanuel Flachaire & Guillaume Hollard, 2007. "Starting-point bias and respondent uncertainty in dichotomous choice contingent valuation surveys," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00175925_v1, HAL. [Downloadable!]
    Other versions:
  4. Kasia Mazur & Jeff Bennett, 2008. "Choice modelling in the development of natural resources management strategies in NSW," Environmental Economics Research Hub Research Reports 0801, Environmental Economics Research Hub, Crawford School, Australian National University. [Downloadable!]
  5. V. Kerry Smith & Carol Mansfield & Laurel Clayton, 2008. "Valuing a Homeland Security Policy: Countermeasures for the Threats from Shoulder Mounted Missiles," NBER Working Papers 14325, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  6. Katherine Stackelberg & James Hammitt, 2009. "Use of Contingent Valuation to Elicit Willingness-to-Pay for the Benefits of Developmental Health Risk Reductions," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 43(1), pages 45-61, May. [Downloadable!] (restricted)
  7. V. Smith & Carol Mansfield & Laurel Clayton, 2009. "Valuing a homeland security policy: Countermeasures for the threats from shoulder mounted missiles," Journal of Risk and Uncertainty, Springer, vol. 38(3), pages 215-243, June. [Downloadable!] (restricted)
  8. Bruno S. Frey & Alois Stutzer, . "Happiness Research: State and Prospects," IEW - Working Papers iewwp190, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    Other versions:
  9. Bruno S. Frey & Simon Luechinger, . "Measuring Terrorism," IEW - Working Papers iewwp171, Institute for Empirical Research in Economics - IEW. [Downloadable!]
  10. Giles ATKINSON & Susana MOURATO, 2007. "Environmental valuation: a brief overview of options," Departemental Working Papers 2007-07, Department of Economics University of Milan Italy. [Downloadable!]
  11. J. Snowball, 2005. "Art for the Masses? Justification for the Public Support of the Arts in Developing Countries – Two Arts Festivals in South Africa," Journal of Cultural Economics, Springer, vol. 29(2), pages 107-125, May. [Downloadable!] (restricted)
  12. Lindhjem, Henrik & Hu, Tao & Ma, Zhong & Skjelvik, John Magne & Song, Guojun & Vennemo, Haakon & Wu, Jian & Zhang, Shiqiu, 2006. "Environmental economic impact assessment in China: Problems and prospects," MPRA Paper 11464, University Library of Munich, Germany. [Downloadable!]
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