IDEAS home Printed from https://ideas.repec.org/a/bla/jageco/v44y1993i2p218-229.html
   My bibliography  Save this article

The Contingent Valuation Of Forest Characteristics: Two Experiments

Author

Listed:
  • N. D. Hanley
  • R. J. Ruffell

Abstract

Most work on valuing the recreational benefits of public forests has concentrated on estimating consumers' surplus per visit. We use two contingent valuation approaches to try to place a value on the physical characteristics of British forests, and hence to explain the variation in consumers' surplus across different forest types. Our two approaches are, first, to obtain incremental willingness‐to‐pay to access forests with different levels of a number of characteristics by showing visitors pairs of photographs; and second, to use characteristic levels as explanatory variables in a bid curve. We find that forest characteristics are in general poor predictors of willingness to pay.

Suggested Citation

  • N. D. Hanley & R. J. Ruffell, 1993. "The Contingent Valuation Of Forest Characteristics: Two Experiments," Journal of Agricultural Economics, Wiley Blackwell, vol. 44(2), pages 218-229, May.
    • Handle: RePEc:bla:jageco:v:44:y:1993:i:2:p:218-229
    DOI: 10.1111/j.1477-9552.1993.tb00267.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1477-9552.1993.tb00267.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1477-9552.1993.tb00267.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. John C. Bergstrom & John R. Stoll & Alan Randall, 1990. "The Impact of Information on Environmental Commodity Valuation Decisions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 614-621.
    2. Hanley, Nick & Ruffell, Robin, 1992. "The Valuation of Forest Characteristics," Queen's Institute for Economic Research Discussion Papers 275223, Queen's University - Department of Economics.
    3. Englin, Jeffrey & Mendelsohn, Robert, 1991. "A hedonic travel cost analysis for valuation of multiple components of site quality: The recreation value of forest management," Journal of Environmental Economics and Management, Elsevier, vol. 21(3), pages 275-290, November.
    4. Kevin J. Boyle, 1989. "Commodity Specification and the Framing of Contingent-Valuation Questions," Land Economics, University of Wisconsin Press, vol. 65(1), pages 57-63.
    5. Hanley, Nick & Craig, Stephen, 1991. "Wilderness development decisions and the Krutilla-Fisher model: The case of Scotland's 'flow country'," Ecological Economics, Elsevier, vol. 4(2), pages 145-164, November.
    6. Nick Hanley & Alistair Munro, "undated". "The Effects of Information in Contingent Markets for Enviromental Goods," Working Papers Series e94/5, University of Stirling, Division of Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nick Hanley & Robin Ruffell, 1992. "The Valuation of Forest characteristics," Working Paper 849, Economics Department, Queen's University.
    2. Nick Hanley & Clive Spash & Lorna Walker, 1995. "Problems in valuing the benefits of biodiversity protection," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(3), pages 249-272, April.
    3. Alhassan, Mustapha & Gustafson, Christopher R. & Schoengold, Karina, 2017. "Effects of Information Framing on Smallholder Irrigation Farmers’ Willingness to Pay for Groundwater Protection: The Case of Vea Irrigation Scheme in Ghana," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258432, Agricultural and Applied Economics Association.
    4. Broberg, Thomas & Daniel, Aemiro Melkamu & Persson, Lars, 2021. "Household preferences for load restrictions: Is there an effect of pro-environmental framing?," Energy Economics, Elsevier, vol. 97(C).
    5. Clem Tisdell & Clevo Wilson, 2006. "Information, Wildlife Valuation, Conservation: Experiments And Policy," Contemporary Economic Policy, Western Economic Association International, vol. 24(1), pages 144-159, January.
    6. Poe, Gregory L. & Bishop, Richard C., 1992. "Measuring the Benefits of Groundwater Protection from Agricultural Contamination: Results from a Two-Stage Contingent Valuation Study," Staff Papers 200549, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    7. Hoehn, John P. & Randall, Alan, 2002. "The effect of resource quality information on resource injury perceptions and contingent values," Resource and Energy Economics, Elsevier, vol. 24(1-2), pages 13-31, February.
    8. Randall, Alan & Hoehn, John P., 2000. "Valuing Injury To Natural Resources: The Effect Of Resource Quality Information On Perceptions And Contingent Values," Staff Paper Series 11507, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    9. Arvin B. Vista & Randall S. Rosenberger & Alan R. Collins, 2009. "If You Provide It, Will They Read It? Response Time Effects in a Choice Experiment," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 57(3), pages 365-377, September.
    10. Mustapha Alhassan & Christopher R. Gustafson & Karina Schoengold, 2022. "Effects of information on smallholder irrigation farmers’ willingness to pay for groundwater protection," Agricultural Economics, International Association of Agricultural Economists, vol. 53(2), pages 191-203, March.
    11. Trine Hansen, 1997. "The Willingness-to-Pay for the Royal Theatre in Copenhagen as a Public Good," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 21(1), pages 1-28, March.
    12. Blomquist, Glenn C. & Whitehead, John C., 1998. "Resource quality information and validity of willingness to pay in contingent valuation," Resource and Energy Economics, Elsevier, vol. 20(2), pages 179-196, June.
    13. Wang, Xi & Curtis, Kynda R. & Moeltner, Klaus, 2011. "Modeling the Impact of New Information on Consumer Preferences for Specialty Meat Products," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100540, Australian Agricultural and Resource Economics Society.
    14. Boeri, Marco & Longo, Alberto, 2017. "The importance of regret minimization in the choice for renewable energy programmes: Evidence from a discrete choice experiment," Energy Economics, Elsevier, vol. 63(C), pages 253-260.
    15. W. George Hutchinson & Susan M. Chilton & John Davis, 1995. "Measuring Non‐Use Value Of Environmental Goods Using The Contingent Valuation Method: Problems Of Information And Cognition And The Application Of Cognitive Questionnaire Design Methods," Journal of Agricultural Economics, Wiley Blackwell, vol. 46(1), pages 97-112, January.
    16. Li, Xiaoshu & Boyle, Kevin J. & Pullis, Genevieve, 2012. "Does On-site Experience Affect Responses to Stated Preference Questions?," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124991, Agricultural and Applied Economics Association.
    17. Robert W. Kling & Charles F. Revier & Karin Sable, 2004. "Estimating the Public Good Value of Preserving a Local Historic Landmark: The Role of Non-substitutability and Citizen Information," Urban Studies, Urban Studies Journal Limited, vol. 41(10), pages 2025-2041, September.
    18. Giffoni, Francesco & Florio, Massimo, 2023. "Public support of science: A contingent valuation study of citizens' attitudes about CERN with and without information about implicit taxes," Research Policy, Elsevier, vol. 52(1).
    19. Li, Xiaoshu & Boyle, Kevin J. & Holmes, Thomas P. & LaRouche, Genevieve Pullis, 2014. "The effect of on-site forest experience on stated preferences for low-impact timber harvesting programs," Journal of Forest Economics, Elsevier, vol. 20(4), pages 348-362.
    20. Tanguay, Mark & Adamowicz, Wiktor L. & Boxall, Peter C., 1995. "An Economic Evaluation of Woodland Caribou Conservation Programs in Northwestern Saskatchewan," Project Report Series 24039, University of Alberta, Department of Resource Economics and Environmental Sociology.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jageco:v:44:y:1993:i:2:p:218-229. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-857X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.