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Using Contingent Valuation to Measure the Compensation Required to Gain Community Acceptance of a LULU: The Case of a Hazardous Waste Disposal Facility

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  • Peter A. Groothuis
  • George Van Houtven
  • John C. Whitehead

Abstract

This article examines an application of the contingent valuation (CV) method to Abstract measure the compensation required for the siting of a hazardous waste disposal facility. First, the risk valuation literature on the siting of a hazardous waste facility is discussed. In this section, the authors discuss past studies using contingent valuation techniques and the importance of subjective risk assessment. Second, a contingent valuation survey is performed to measure willingness to accept (WTA) using a dichotomous choice referendum framework. Using these data, the authors test for the internal consistency of the responses and calculate the WTA for siting a hazardous waste disposal facility. The authors conclude that CV can be used to estimate reasonable measures of WTA and is a potentially useful tool for assessing the compensation required to site a hazardous waste disposal facility.

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Bibliographic Info

Paper provided by East Carolina University, Department of Economics in its series Working Papers with number 9709.

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Handle: RePEc:wop:eacaec:9709

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  1. Timothy J. Bartik, 2008. "Evaluating the Benefits of Non-marginal Reductions in Pollution Using Information on Defensive Expenditures," Book chapters authored by Upjohn Institute researchers, in: Joseph Herriges & Catherine L. Kling (ed.), Revealed Preference Approaches to Environmental Valuation, volume 0, pages 459-475 W.E. Upjohn Institute for Employment Research.
  2. Sun, Henglun & Bergstrom, John C. & Dorfman, Jeffrey H., 1992. "Estimating The Benefits Of Groundwater Contamination Control," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(02), December.
  3. Viscusi, W Kip, 1989. " Prospective Reference Theory: Toward an Explanation of the Paradoxes," Journal of Risk and Uncertainty, Springer, vol. 2(3), pages 235-63, September.
  4. Shogren, Jason F. & Shin, Seung Youll & Hayes, Dermot J. & Kliebenstein, James, 1994. "Resolving Differences in Willingness to Pay and Willingness to Accept," Staff General Research Papers 701, Iowa State University, Department of Economics.
  5. Johannesson, Magnus & Johansson, Per-Olov & Kristrom, Bengt & Gerdtham, Ulf-G., 1993. "Willingness to pay for antihypertensive therapy -- further results," Journal of Health Economics, Elsevier, vol. 12(1), pages 95-108, April.
  6. Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421.
  7. Cook, Philip J & Graham, Daniel A, 1977. "The Demand for Insurance and Protection: The Case of Irreplaceable Commodities," The Quarterly Journal of Economics, MIT Press, vol. 91(1), pages 143-56, February.
  8. Hanemann, W Michael, 1991. "Willingness to Pay and Willingness to Accept: How Much Can They Differ?," American Economic Review, American Economic Association, vol. 81(3), pages 635-47, June.
  9. Viscusi, W Kip & Evans, William N, 1990. "Utility Functions That Depend on Health Status: Estimates and Economic Implications," American Economic Review, American Economic Association, vol. 80(3), pages 353-74, June.
  10. Groothuis, Peter A & Miller, Gail, 1997. "The Role of Social Distrust in Risk-Benefit Analysis: A Study of the Siting of a Hazardous Waste Disposal Facility," Journal of Risk and Uncertainty, Springer, vol. 15(3), pages 241-57, December.
  11. Courant, Paul N. & Porter, Richard C., 1981. "Averting expenditure and the cost of pollution," Journal of Environmental Economics and Management, Elsevier, vol. 8(4), pages 321-329, December.
  12. Kerry Smith, V. & Desvousges, William H., 1986. "Averting behavior: Does it exist?," Economics Letters, Elsevier, vol. 20(3), pages 291-296.
  13. Roberts, Roland K. & Douglas, Peggy V. & Park, William M., 1991. "Estimating External Costs Of Municipal Landfill Siting Through Contingent Valuation Analysis: A Case Study," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(02), December.
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Cited by:
  1. Peter A. Groothuis & John C. Whitehead, . "Does Don't Know Mean No? Analysis of 'Don't Know' Responses in Dichotomous Choice Contingent Valuation Questions," Working Papers 9814, East Carolina University, Department of Economics.
  2. Groothuis, Peter A. & Groothuis, Jana D. & Whitehead, John C., 2008. "Green vs. green: Measuring the compensation required to site electrical generation windmills in a viewshed," Energy Policy, Elsevier, vol. 36(4), pages 1545-1550, April.
  3. Carson, Richard T & Flores, Nicholas A, 2000. "Contingent Valuation: Controversies and Evidence," University of California at San Diego, Economics Working Paper Series qt75k752s7, Department of Economics, UC San Diego.
  4. Bruce K. Johnson & Peter A. Groothuis & John C. Whitehead, 2000. "“The Value of Public Goods Generated by a Major League Sports Team: The CVM Approach,”," Working Papers 0014, East Carolina University, Department of Economics.

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