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Economic Valuation of the Environment: How Citizens Make Sense of Contingent Valuation Questions

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  • Henrik Svedsäter
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    Abstract

    This study adopts a qualitative approach in order to investigate how people make sense of contingent valuation (CV) questions of a global environmental amenity. The objective is not only to capture people’ s motivations and considerations of willingness to pay (WTP), but also to determine if they adequately comprehend an economic valuation of such public goods. The findings indicate that a large proportion of respondents do not interpret the valuation task, as intended. However, this lack of understanding is not always expressed, unless probed in relation to the elicitation question, and some people have the tendency to provide monetary estimates anyway, whatever meaning they attach to these.

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    File URL: http://le.uwpress.org/cgi/reprint/79/1/122
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    Bibliographic Info

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

    Volume (Year): 79 (2003)
    Issue (Month): 1 ()
    Pages: 122-135

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    Handle: RePEc:uwp:landec:v:79:y:2003:i:1:p:122-135

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

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    Cited by:
    1. Ivo Bischoff, 2008. "Endowment effect theory, prediction bias and publicly provided goods: an experimental study," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(3), pages 283-296, March.
    2. Ali DOUAI (GREThA UMR CNRS 5113) & Matthieu MONTALBAN (GREThA UMR CNRS 5113), 2009. "Institutions and the environment: the case for a historical political economy," Cahiers du GREThA 2009-12, Groupe de Recherche en Economie Théorique et Appliquée.
    3. Gianluca Stefani & Riccardo Scarpa, 2007. "The Referendum Incentive Compatibility Hypothesis:Some New Results Using Information Messages," Working Papers in Economics 07/10, University of Waikato, Department of Economics.
    4. Peter Howley & Stephen Hynes & Cathal O’Donoghue, 2009. "The citizen versus consumer hypothesis: Do welfare estimates differ?," Working Papers 0911, Rural Economy and Development Programme,Teagasc.
    5. Andrew Mill, Greig & van Rensburg, Tom M. & Hynes, Stephen & Dooley, Conor, 2007. "Preferences for multiple use forest management in Ireland: Citizen and consumer perpectives," Ecological Economics, Elsevier, vol. 60(3), pages 642-653, January.
    6. Tisdell, Clement A. & Wilson, Clevo & Swarna Nantha, Hemanath, 2005. "Dynamic Processes in the Contingent Valuation of an Endangered Mammal Species," Economics, Ecology and Environment Working Papers 55064, University of Queensland, School of Economics.
    7. Spash, Clive L. & Vatn, Arild, 2006. "Transferring environmental value estimates: Issues and alternatives," Ecological Economics, Elsevier, vol. 60(2), pages 379-388, December.
    8. Fischer, Anke & Hanley, Nick, 2007. "Analysing decision behaviour in stated preference surveys: A consumer psychological approach," Ecological Economics, Elsevier, vol. 61(2-3), pages 303-314, March.
    9. Ali Douai, 2009. "Value Theory in Ecological Economics: The Contribution of a Political Economy of Wealth," Environmental Values, White Horse Press, vol. 18(3), pages 257-284, August.
    10. Ahlheim, Michael & Fror, Oliver, 2003. "Valuing the non-market production of agriculture," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 52(8).

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