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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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
6984.
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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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:
Carson, Richard T. & Hanemann, W. Michael & Kopp, Raymond J. & Krosnick, Jon A. & Mitchell, Robert C. & Presser, Stanley & Ruud, Paul A. & Smith, V. Kerry, 1996.
"Was the NOAA Panel Correct about Contingent Valuation?,"
Working Papers
96-21, Duke University, Department of Economics.
[Downloadable!]
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)