Stated Preference Approaches for Measuring Passive Use Values: Choice Experiments and Contingent Valuation
AbstractThe measurement of passive use values has become an important issue in environmental economics. In this paper we examine an extension or variant of contingent valuation, the choice experiment, which employs a series of questions with more than two alternatives that are designed to elicit responses that allow the estimation of preferences over attributes of an environmental state. We also combine the information from choice experiments and contingent valuation to test for differences in preferences and error variances arising from the two methods. Our results show that choice experiments have considerable merit in measuring passive use values. Copyright 1998, Oxford University Press.
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Bibliographic InfoArticle provided by Agricultural and Applied Economics Association in its journal American Journal of Agricultural Economics.
Volume (Year): 80 (1998)
Issue (Month): 1 ()
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RePEc Biblio mentionsAs found on the RePEc Biblio, the curated bibliography for Economics:
- > Environmental and Natural Resource Economics > Environmental Economics > Valuation > Choice experiments and conjoint analyses
- > Environmental and Natural Resource Economics > Environmental Economics > Valuation
- > Environmental and Natural Resource Economics > Environmental Economics > Valuation > Contingent valuation method > Passive use values
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