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Assessing the validity of stated preference data using follow-up questions

In: Contingent Valuation of Environmental Goods

Author

Listed:
  • Kelley Myers
  • Doug MacNair
  • Ted Tomasi
  • Jude Schneider

Abstract

Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.

Suggested Citation

  • Kelley Myers & Doug MacNair & Ted Tomasi & Jude Schneider, 2017. "Assessing the validity of stated preference data using follow-up questions," Chapters, in: Daniel McFadden & Kenneth Train (ed.), Contingent Valuation of Environmental Goods, chapter 9, pages 252-269, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:17527_9
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    Keywords

    Economics and Finance; Environment;

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