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Construct Validity of Averting Cost Measures of Environmental Benefits

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  • Andrew S. Laughland
  • Wesley N. Musser
  • James S. Shortle
  • Lynn M. Musser

Abstract

Construct validity is concerned with the consistency of empirical measures with theoretical relationships. This paper reviews and extends the theoretical relationship between averting costs and willingness to pay. Measures of these two theoretical constructs with empirical averting costs savings and contingent valuation from one population are used to establish construct validity of the averting cost technique used. Empirical results indicate that the contingent valuation and averting costs measures have a low correlation. Although low correlation is consistent with the construct validity of averting costs measures, these results indicate that inferences from averting cost measures are quite limited.

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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 72 (1996)
Issue (Month): 1 ()
Pages: 100-112

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Handle: RePEc:uwp:landec:v:72:y:1996:i:1:p:100-112

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Web page: http://le.uwpress.org/

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Cited by:
  1. Nunes, Paulo A. L. D. & van den Bergh, Jeroen C. J. M., 2001. "Economic valuation of biodiversity: sense or nonsense?," Ecological Economics, Elsevier, vol. 39(2), pages 203-222, November.
  2. Mi-Jung Um & Seung-Jun Kwak & Tai-Yoo Kim, 2002. "Estimating Willingness to Pay for Improved Drinking Water Quality Using Averting Behavior Method with Perception Measure," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 21(3), pages 285-300, March.
  3. John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2005. "Combining Revealed and Stated Preference Data to Estimate the Nonmarket Value of Ecological Services: An Assessment of the State of the Science," Working Papers 05-19, Department of Economics, Appalachian State University, revised 2007.
  4. Bresnahan, B.W. & Dickie, M. & Gerking, S.D., 1997. "Averting behavior and urban air pollution," Open Access publications from Tilburg University urn:nbn:nl:ui:12-4628502, Tilburg University.
  5. Beilei Cai & Trudy Cameron & Geoffrey Gerdes, 2010. "Distributional Preferences and the Incidence of Costs and Benefits in Climate Change Policy," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 46(4), pages 429-458, August.
  6. Baral, Nabin & Stern, Marc J. & Bhattarai, Ranju, 2008. "Contingent valuation of ecotourism in Annapurna conservation area, Nepal: Implications for sustainable park finance and local development," Ecological Economics, Elsevier, vol. 66(2-3), pages 218-227, June.

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