Respondents To Contingent Valuation Surveys: Consumers Or Citizens?
The fundamental assumption of the contingent valuation method (CYM) is that responses to CY questionnaires may be interpreted as expressions of consumer preferences. The consumer preference interpretation has been challenged in recent papers arguing that willingness to pay for wildlife preservation is generated, at least in part, by ethical concerns, rather than by a view that wildlife preservation will yield any benefit to individual respondents. Some further evidence bearing upon these questions is derived from a study of forest management in Australia undertaken by the Resource Assessment Commission (RAC). The evidence supports the interpretation that respondents are acting primarily as citizens.
Volume (Year): 39 (1995)
Issue (Month): 03 (December)
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1995 Conference (39th), February 14-16, 1995, Perth, Australia
148795, Australian Agricultural and Resource Economics Society.
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UCLA Economics Working Papers
653, UCLA Department of Economics.
- Cameron Trudy Ann & Quiggin John, 1994. "Estimation Using Contingent Valuation Data from a Dichotomous Choice with Follow-Up Questionnaire," Journal of Environmental Economics and Management, Elsevier, vol. 27(3), pages 218-234, November.
- McFadden, Daniel, 1974. "The measurement of urban travel demand," Journal of Public Economics, Elsevier, vol. 3(4), pages 303-328, November.
- Quiggin, John, 1987. "Egoistic Rationality and Public Choice: A Critical Review of Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 63(180), pages 10-21, March.
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