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Using Contingent Valuation to Measure the Compensation Required to Gain Community Acceptance of a Lulu: the Case of a Hazardous Waste Disposal Facility

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  • Peter A. Groothuis

    (Westminster College)

  • George Van Houtven

    (Research Triangle Institute)

  • John C. Whitehead

    (East Carolina University)

Abstract

This article examines an application of the contingent valuation (CV) method to Abstract measure the compensation required for the siting of a hazardous waste disposal facility. First, the risk valuation literature on the siting of a hazardous waste facility is discussed. In this section, the authors discuss past studies using contingent valuation techniques and the importance of subjective risk assessment. Second, a contingent valuation survey is performed to measure willingness to accept (WTA) using a dichotomous choice referendum framework. Using these data, the authors test for the internal consistency of the responses and calculate the WTA for siting a hazardous waste disposal facility. The authors conclude that CV can be used to estimate reasonable measures of WTA and is a potentially useful tool for assessing the compensation required to site a hazardous waste disposal facility.

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Bibliographic Info

Article provided by in its journal Public Finance Review.

Volume (Year): 26 (1998)
Issue (Month): 3 (May)
Pages: 231-249

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Handle: RePEc:sae:pubfin:v:26:y:1998:i:3:p:231-249

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  1. John B. Loomis, 1987. "Expanding Contingent Value Sample Estimates to Aggregate Benefit Estimates: Current Practices and Proposed Solutions," Land Economics, University of Wisconsin Press, vol. 63(4), pages 396-402.
  2. Cook, Philip J & Graham, Daniel A, 1977. "The Demand for Insurance and Protection: The Case of Irreplaceable Commodities," The Quarterly Journal of Economics, MIT Press, vol. 91(1), pages 143-56, February.
  3. Shogren, Jason F. & Seung Y. Shin & Dermot J. Hayes & James B. Kliebenstein, 1994. "Resolving Differences in Willingness to Pay and Willingness to Accept," American Economic Review, American Economic Association, vol. 84(1), pages 255-70, March.
  4. Bartik, Timothy J., 1988. "Evaluating the benefits of non-marginal reductions in pollution using information on defensive expenditures," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 111-127, March.
  5. Viscusi, W Kip, 1989. " Prospective Reference Theory: Toward an Explanation of the Paradoxes," Journal of Risk and Uncertainty, Springer, vol. 2(3), pages 235-63, September.
  6. 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.
  7. Groothuis, Peter A & Miller, Gail, 1997. "The Role of Social Distrust in Risk-Benefit Analysis: A Study of the Siting of a Hazardous Waste Disposal Facility," Journal of Risk and Uncertainty, Springer, vol. 15(3), pages 241-57, December.
  8. Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421.
  9. Kerry Smith, V. & Desvousges, William H., 1986. "Averting behavior: Does it exist?," Economics Letters, Elsevier, vol. 20(3), pages 291-296.
  10. Viscusi, W Kip & Evans, William N, 1990. "Utility Functions That Depend on Health Status: Estimates and Economic Implications," American Economic Review, American Economic Association, vol. 80(3), pages 353-74, June.
  11. Roberts, Roland K. & Douglas, Peggy V. & Park, William M., 1991. "Estimating External Costs Of Municipal Landfill Siting Through Contingent Valuation Analysis: A Case Study," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(02), December.
  12. Courant, Paul N. & Porter, Richard C., 1981. "Averting expenditure and the cost of pollution," Journal of Environmental Economics and Management, Elsevier, vol. 8(4), pages 321-329, December.
  13. Sun, Henglun & Bergstrom, John C. & Dorfman, Jeffrey H., 1992. "Estimating The Benefits Of Groundwater Contamination Control," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(02), December.
  14. Johannesson, Magnus & Johansson, Per-Olov & Kristrom, Bengt & Gerdtham, Ulf-G., 1993. "Willingness to pay for antihypertensive therapy -- further results," Journal of Health Economics, Elsevier, vol. 12(1), pages 95-108, April.
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Cited by:
  1. Peter A. Groothuis & John C. Whitehead, 2002. "Does Don't Know Mean No? Analysis of 'Don't Know Responses in Dichotomous Choice Contingent Valuation Questions," Working Papers 02-15, Department of Economics, Appalachian State University.
  2. Richard Carson & Nicholas Flores & Norman Meade, 2001. "Contingent Valuation: Controversies and Evidence," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 19(2), pages 173-210, June.
  3. Groothuis, Peter A. & Groothuis, Jana D. & Whitehead, John C., 2008. "Green vs. green: Measuring the compensation required to site electrical generation windmills in a viewshed," Energy Policy, Elsevier, vol. 36(4), pages 1545-1550, April.
  4. Bruce K. Johnson & Peter A. Groothuis & John C. Whitehead, 2000. "“The Value of Public Goods Generated by a Major League Sports Team: The CVM Approach,”," Working Papers 0014, East Carolina University, Department of Economics.

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