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Fallstudie zum rationalen Entscheiden: Contingent Valuation und der Fall der Exxon Valdez

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  • Langer, Thomas

    (Westfälischen Wilhelms-Universität Münster Lehrstuhl für BWL, insbesondere Finanzierung)

Abstract

In this case study, we discuss aspects of time preference: the evaluation of payment sequences, the determination of time preference rates and the relevance of the elicitation procedure. The topic of the study, contingent valuation, was not chosen for the reason that time preference issues play a major role in this context. Instead, we use this interesting and relevant application to demonstrate general principles of decision analysis and, in particular, to introduce and explain concepts of intertemporal evaluation.

Suggested Citation

  • Langer, Thomas, 2001. "Fallstudie zum rationalen Entscheiden: Contingent Valuation und der Fall der Exxon Valdez," Sonderforschungsbereich 504 Publications 01-13, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
    • Handle: RePEc:xrs:sfbmaa:01-13
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