Application Of Experimentatal Economics Concepts And Precepts To Cvm Field Survey Procedures
Experimental economics (EE) axioms are directly applied in this paper to contingent valuation method (CVM) field survey procedures. The implications of EE concepts and precepts for conceptualizing and handling potential CVM biases and framing effects also are discussed. It is concluded that EE concepts and precepts provide useful principles and guidelines for CVM field survey procedures.
Volume (Year): 14 (1989)
Issue (Month): 01 (July)
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- Hoehn, John P. & Randall, Alan, 1987. "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 226-247, September.
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- Brookshire, David S & Coursey, Don L, 1987. "Measuring the Value of a Public Good: An Empirical Comparison of Elicitation Procedures," American Economic Review, American Economic Association, vol. 77(4), pages 554-66, September.
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