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A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill

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Author Info
Carson, R.T.
Mitchell, R.C.
Hanemann, W.M.
Kopp, R.J.
Presser, S.
Ruud, P.A.

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Abstract

We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study’s release are also briefly discussed.

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File URL: http://mpra.ub.uni-muenchen.de/6984/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 6984.

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Date of creation: 1992
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Handle: RePEc:pra:mprapa:6984

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Related research
Keywords: contingent valuation natural resource damage assessment

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Find related papers by JEL classification:
Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters

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  1. Jerry A. Hausman, 1979. "Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 33-54, Spring. [Downloadable!] (restricted)
  2. Lawrance, Emily C, 1991. "Poverty and the Rate of Time Preference: Evidence from Panel Data," Journal of Political Economy, University of Chicago Press, vol. 99(1), pages 54-77, February. [Downloadable!] (restricted)
  3. Kahneman, Daniel & Knetsch, Jack L., 1992. "Valuing public goods: The purchase of moral satisfaction," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 57-70, January. [Downloadable!] (restricted)
  4. Anna Alberini & Richard T. Carson, 1990. "Choice of Thresholds for Efficient Binary Discrete Choice Estimation," University of California at San Diego, Economics Working Paper Series 90-34, Department of Economics, UC San Diego.
    Other versions:
  5. Hoehn, John P & Randall, Alan, 1989. "Too Many Proposals Pass the Benefit Cost Test," American Economic Review, American Economic Association, vol. 79(3), pages 544-51, June. [Downloadable!] (restricted)
  6. Smith, V. Kerry, 1992. "Arbitrary values, good causes, and premature verdicts," Journal of Environmental Economics and Management, Elsevier, vol. 22(1), pages 71-89, January. [Downloadable!] (restricted)
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Cited by:
(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. Göran Bostedt & Mattias Boman, 1996. "Nonresponse in Contingent Valuation-reducing uncertainty in value inference," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 8(1), pages 119-124, July. [Downloadable!] (restricted)
  2. Kopp, Raymond & Smith, V. Kerry & Mitchell, Robert & Presser, Stanley & Ruud, Paul & Hanemann, W. Michael & Krosnick, Jon & Conaway, Michael & Martin, Kerry & Carson, Richard, 1996. "Was the NOAA Panel Correct About Contingent Valuation?," Discussion Papers dp-96-20, Resources For the Future. [Downloadable!]
    Other versions:
  3. Ellen Moons, 2003. "The development and application of economic valuation techniques and their use in environmental policy - A survey," Energy, Transport and Environment Working Papers Series ete0307, Katholieke Universiteit Leuven, Centrum voor Economische Studiën, Energy, Transport and Environment. [Downloadable!]
  4. V. Smith & Xiaolong Zhang & Raymond Palmquist, 1997. "Marine Debris, Beach Quality, and Non-Market Values," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 10(3), pages 223-247, October. [Downloadable!] (restricted)
  5. Douglas Macmillan & Elizabeth Duff & David Elston, 2001. "Modelling the Non-market Environmental Costs and Benefits of Biodiversity Projects Using Contingent Valuation Data," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 18(4), pages 391-410, April. [Downloadable!] (restricted)
  6. Jesús Barreiro & Mercedes Sánchez & Montserrat Viladrich-Grau, 2005. "How much are people willing to pay for silence? A contingent valuation study," Applied Economics, Taylor and Francis Journals, vol. 37(11), pages 1233-1246, June. [Downloadable!] (restricted)
  7. Carmelo León & Francisco Vázquez-Polo, 1998. "A Bayesian Approach to Double Bounded Contingent Valuation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 11(2), pages 197-215, March. [Downloadable!] (restricted)
  8. Adaman, Fikret & Gökşen, Fatoş & Zenginobuz, Unal, 2003. "Political economy of citizens’ participation in environmental improvement: The case of Istanbul," MPRA Paper 375, University Library of Munich, Germany. [Downloadable!]
  9. R. Turner & Ian Bateman, 2003. "Editor's Note," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 25(3), pages 255-256, July. [Downloadable!] (restricted)
  10. Anna Alberini & Barbara Kanninen & Richard T. Carson, 1997. "Modeling Response Incentive Effects in Dichotomous Choice Contingent Valuation Data," University of California at San Diego, Economics Working Paper Series 97-07, Department of Economics, UC San Diego. [Downloadable!]
  11. Robert Mitchell, 2002. "On Designing Constructed Markets in Valuation Surveys," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 22(1), pages 297-321, June. [Downloadable!] (restricted)
  12. Joseph Cooper & W. Hanemann & Giovanni Signorello, 2001. "One-and-One-Half Bound Dichotomous Choice Contingent Valuation," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series 921, Department of Agricultural & Resource Economics, UC Berkeley. [Downloadable!]
    Other versions:
  13. Bengt Kristrom & Pere Riera, 1996. "Is the income elasticity of environmental improvements less than one?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 7(1), pages 45-55, January. [Downloadable!] (restricted)
  14. Alok Bohara & Joe Kerkvliet & Robert Berrens, 2001. "Addressing Negative Willingness to Pay in Dichotomous Choice Contingent Valuation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 20(3), pages 173-195, November. [Downloadable!] (restricted)
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