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Testing for Temporal Reliability in Contingent Valuation with Time for Changes in Factors Affecting Demand

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Author Info
John C. Whitehead
Thomas J. Hoban
Abstract

We develop a temporal reliability test of the contingent valuation method. Separate random samples were administered the same telephone survey five years apart. In the retest, respondents have less favorable attitudes toward the environment. Given this result, a temporally reliable contingent valuation would find lower willingness to pay. We find that the estimates are temporally reliable. After accounting for attitudes which have changed over the five-year period, values are not significantly different five years apart. This study provides additional evidence that use of the contingent valuation method can provide useful information for environmental policy analysis.

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

Volume (Year): 75 (1999)
Issue (Month): 3 ()
Pages: 453-465
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Handle: RePEc:uwp:landec:v:75:y:1999:i:3:p:453-465

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Find related papers by JEL classification:
Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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  1. Eric Thompson & Mark Berger & Glenn Blomquist & Steven Allen, 2002. "Valuing the Arts: A Contingent Valuation Approach," Journal of Cultural Economics, Springer, vol. 26(2), pages 87-113, May. [Downloadable!] (restricted)
  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. [Downloadable!] (restricted)
    Other versions:
  3. John C. Whitehead & Richard Aiken, 2004. "Temporal Reliability of Willingness to Pay from the National Survey of Fishing, Hunting, and Wildlife-Associated Recreation," Working Papers 04-23, Department of Economics, Appalachian State University. [Downloadable!]
    Other versions:
  4. Gabriela Scheufele & Jeff Bennett, 2008. "Environmental value and valuation over time," Environmental Economics Research Hub Research Reports 0806, Environmental Economics Research Hub, Crawford School, Australian National University. [Downloadable!]
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This page was last updated on 2009-11-22.


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