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Evaluating National Policy By Contingent Valuation

Author

Listed:
  • Kriesel, Warren
  • Randall, Alan

Abstract

The contingent valuation method is extended to policy valuation via two innovations: a model where the citizen evaluates the impact that policy has, and registers her willingness to pay by a voting procedure. Estimated annual national benefits from a proposed policy to reduce air and water pollution loads by 257 exceed $61 billion.

Suggested Citation

  • Kriesel, Warren & Randall, Alan, 1986. "Evaluating National Policy By Contingent Valuation," 1986 Annual Meeting, July 27-30, Reno, Nevada 278156, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea86:278156
    DOI: 10.22004/ag.econ.278156
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    File URL: https://ageconsearch.umn.edu/record/278156/files/aaea-1986-100.pdf
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    Cited by:

    1. Young, Ralph, 1991. "The Economic Significance of Environmental Resources: A Review of the Evidence," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 59(03), pages 1-26, December.

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