The Contingent Valuation Method: Retrospect and Prospect
AbstractThis paper explores the contingent valuation method for environmental valuation. Issues are raised over the validity of the approach as a method of assessing the underlying preferences of individuals. An alternative interpretation is given to the method as a means of exploring underlying motivation in a rich vein of social psychological research.
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Bibliographic InfoPaper provided by CSIRO Sustainable Ecosystems in its series Socio-Economics and the Environment in Discussion (SEED) Working Paper Series with number 2008-04.
Length: 26 pages
Date of creation: Apr 2008
Date of revision:
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stated preferences; environmental values; social psychology;
Find related papers by JEL classification:
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- D46 - Microeconomics - - Market Structure and Pricing - - - Value Theory
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D6 - Microeconomics - - Welfare Economics
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
This paper has been announced in the following NEP Reports:
- NEP-ACC-2008-05-05 (Accounting & Auditing)
- NEP-AGR-2008-05-05 (Agricultural Economics)
- NEP-ALL-2008-05-05 (All new papers)
- NEP-DCM-2008-05-05 (Discrete Choice Models)
- NEP-ENV-2008-05-05 (Environmental Economics)
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