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The Dynamics of Preference Elicitation after an Environmental Disaster: Stability and Emotional Load

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  • Carmelo J. León
  • Jorge E. Araña

Abstract

Nonmarket valuation is commonly applied to infer the preferences of individuals for restoration policies after an environmental disaster. A crucial issue in this task is to determine the appropriate lapse of time after which the valuation techniques should be applied. This study investigates the role of the emotional load in explaining the dynamic patterns of elicited preferences. The results show that preferences tend to stabilize when the emotional load is also stable. The main implication is that attitudinal investigation of emotions could provide satisfactory information for determining the time frame for implementing more costly nonmarket valuation studies.

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File URL: http://le.uwpress.org/cgi/reprint/88/2/362
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Bibliographic Info

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

Volume (Year): 88 (2012)
Issue (Month): 2 ()
Pages: 362-381

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Handle: RePEc:uwp:landec:v:88:y:2012:ii:1:p:362-381

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

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Cited by:
  1. León, Carmelo J. & Araña, Jorge E. & Hanemann, W. Michael & Riera, Pere, 2014. "Heterogeneity and emotions in the valuation of non-use damages caused by oil spills," Ecological Economics, Elsevier, vol. 97(C), pages 129-139.
  2. Carmelo León & Jorge Araña & Javier León, 2013. "Correcting for Scale Perception Bias in Measuring Corruption: an Application to Chile and Spain," Social Indicators Research, Springer, vol. 114(3), pages 977-995, December.

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