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Was the NOAA Panel Correct about Contingent Valuation?

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Author Info
Carson, Richard T.
Hanemann, W. Michael
Kopp, Raymond J.
Krosnick, Jon A.
Mitchell, Robert C.
Presser, Stanley
Ruud, Paul A.
Smith, V. Kerry

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Abstract

The past few years have seen a highly charged debate about whether contingent valuation (CV) surveys can provide valid economic measures of people's values for environmental resources. In an effort to appraise the validity of CV measures of economic value, a distinguished panel of social scientists, chaired by two Nobel laureates, was established by NOAA, to critically evaluate the validity of CV measures of nonuse value.

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Paper provided by Duke University, Department of Economics in its series Working Papers with number 96-21.

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Date of creation: 1996
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Handle: RePEc:duk:dukeec:96-21

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Postal: Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097
Phone: (919) 660-1800
Fax: (919) 684-8974
Web page: http://www.econ.duke.edu/

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Find related papers by JEL classification:
D6 - Microeconomics - - Welfare Economics
H4 - Public Economics - - Publicly Provided Goods

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Boyle Kevin J. & Desvousges William H. & Johnson F. Reed & Dunford Richard W. & Hudson Sara P., 1994. "An Investigation of Part-Whole Biases in Contingent-Valuation Studies," Journal of Environmental Economics and Management, Elsevier, vol. 27(1), pages 64-83, July. [Downloadable!] (restricted)
  2. Carson, R.T. & Mitchell, R.C. & Hanemann, W.M. & Kopp, R.J. & Presser, S. & Ruud, P.A., 1992. "A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill," MPRA Paper 6984, University Library of Munich, Germany. [Downloadable!]
  3. Carson, Richard T. & Hanemann, W. Michael, 2006. "Contingent Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 17, pages 821-936 Elsevier. [Downloadable!] (restricted)
  4. Richard T. Carson & Robert Cameron Mitchell & Michael Hanemann & Raymond J. Kopp & Stanley Presser & Paul Ruud, 1995. "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez," University of California at San Diego, Economics Working Paper Series 95-02, Department of Economics, UC San Diego.
  5. Carson, Richard T. & Hanemann, W. Michael & Kopp, Raymond J. & Krosnick, Jon A. & Mitchell, Robert C. & Presser, Stanley & Ruud, Paul A. & Smith, V. Kerry, 1995. "Temporal Reliability of Estimates from Contingent Valuation," Working Papers 95-05, Duke University, Department of Economics. [Downloadable!]
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  6. Griffin, Charles C, et al, 1995. "Contingent Valuation and Actual Behavior: Predicting Connections to New Water Systems in the State of Kerala, India," World Bank Economic Review, Oxford University Press, vol. 9(3), pages 373-95, September.
  7. Diamond, Peter A & Hausman, Jerry A, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall. [Downloadable!] (restricted)
  8. Hanemann, W Michael, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall. [Downloadable!] (restricted)
  9. Diamond, Peter, 1996. "Testing the Internal Consistency of Contingent Valuation Surveys," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 337-347, May. [Downloadable!] (restricted)
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  10. Kopp, Raymond & Smith, V. Kerry & Mitchell, Robert & Presser, Stanley & Ruud, Paul & Hanemann, W. Michael & Krosnick, Jon & Carson, Richard, 1995. "Referendum Design and Contingent Valuation: The NOAA Panel's No-Vote Recommendation," Discussion Papers dp-96-05, Resources For the Future. [Downloadable!]
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  11. Portney, Paul R, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall. [Downloadable!] (restricted)
  12. Smith, V. Kerry & Osborne, Laura L., 1996. "Do Contingent Valuation Estimates Pass a "Scope" Test? A Meta-analysis," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 287-301, November. [Downloadable!] (restricted)
  13. Haab, Timothy C. & McConnell, Kenneth E., 1997. "Referendum Models and Negative Willingness to Pay: Alternative Solutions," Journal of Environmental Economics and Management, Elsevier, vol. 32(2), pages 251-270, February. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Duthy, Stephen, 2002. "Whian Whian--State Forest or National Park: Community Attitudes and Economic Values," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 32(2), pages 91-111, June Spec. [Downloadable!]
  2. STÅLE Navrud & GERALD Pruckner, 1997. "Environmental Valuation – To Use or Not to Use? A Comparative Study of the United States and Europe," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 10(1), pages 1-26, July. [Downloadable!] (restricted)
  3. Mark Yuying An, 1996. "Semiparametric Estimation of Willingness to Pay Distributions," Econometrics 9611001, EconWPA. [Downloadable!]
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  4. Samiran Banerjee & James H. Murphy, 2005. "The scope test revisited," Applied Economics Letters, Taylor and Francis Journals, vol. 12(10), pages 613-617, August. [Downloadable!] (restricted)
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