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Can Contingent Valuation Distinguish Economic Values for Different Public Goods?

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  • V. Kerry Smith

Abstract

This paper reports the first test evaluating whether stated choices as part of a contingent valuation survey discriminate between significant and trivial causes. Using a random digit dialed sample for North Carolina, two different plans were posed to respondents-one to expand a popular North Carolina highway flower planting program nationwide and a second to facilitate the use of recycled tires in making asphalt for highways. Random assignment, identical payment mechanisms, and overall question designs were used. The results indicate clear discrimination in choices, choice functions, and the estimated willingness to pay for the two plans.

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  • V. Kerry Smith, 1996. "Can Contingent Valuation Distinguish Economic Values for Different Public Goods?," Land Economics, University of Wisconsin Press, vol. 72(2), pages 139-151.
    • Handle: RePEc:uwp:landec:v:72:y:1996:i:2:p:139-151
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    Cited by:

    1. Ernst-August Nuppenau, 2018. "Eco-System Services in Agrarian Value Chains: Value Detection of Bio-Diversity as Public Good Provision, Problems, and Institutional Issues," Sustainability, MDPI, vol. 11(1), pages 1-20, December.
    2. Gregory, Robin & Slovic, Paul, 1997. "A constructive approach to environmental valuation," Ecological Economics, Elsevier, vol. 21(3), pages 175-181, June.
    3. Richard T. Carson, 2011. "Contingent Valuation," Books, Edward Elgar Publishing, number 2489.
    4. Dominika Parry Dziegielewska & Robert Mendelsohn, 2005. "Valuing Air Quality in Poland," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 30(2), pages 131-163, February.
    5. George Parsons & Kelley Myers, 2017. "Fat tails and truncated bids in contingent valuation: an application to an endangered shorebird species," Chapters, in: Daniel McFadden & Kenneth Train (ed.), Contingent Valuation of Environmental Goods, chapter 2, pages 17-42, Edward Elgar Publishing.
    6. Laura O. Taylor & Ronald G. Cummings, 1999. "Unbiased Value Estimates for Environmental Goods: A Cheap Talk Design for the Contingent Valuation Method," American Economic Review, American Economic Association, vol. 89(3), pages 649-665, June.
    7. Roach, Brian & Wade, William W., 2006. "Policy evaluation of natural resource injuries using habitat equivalency analysis," Ecological Economics, Elsevier, vol. 58(2), pages 421-433, June.
    8. Anne ROZAN & Marc WILLINGER, 1999. "Does the knowledge of the origin of the health damage matter for WTP estimates?," Working Papers of BETA 9904, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    9. John C. Whitehead & William B. Clifford & Thomas J. Hoban, 2000. "“WTP for Research and Extension Programs: Divergent Validity of Contingent Valuation with Single and Multiple Bound Valuation Questions,”," Working Papers 0002, East Carolina University, Department of Economics.
    10. Gibson, Fiona L. & Burton, Michael P., 2009. "Biased estimates in discrete choice models: the appropriate inclusion of psychometric data into the valuation of recycled wastewater," 2009 Conference (53rd), February 11-13, 2009, Cairns, Australia 47943, Australian Agricultural and Resource Economics Society.
    11. Barreiro Hurlé, J. & Pérez Y Pérez, L, 2001. "Coste vs. Eficiencia: utilización de entrevistadores no profesionales en valoración contingente," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 18, pages 5-19, Agosto.

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