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Contingent Valuation and Collective Choice

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  • Felix Schläpfer
  • Nick Hanley

Abstract

Contingent valuation (CV) is a widely used but controversial survey-based technique for estimating the nonmarket benefits of environmental goods and services. This study is the first to compare the outcome of a self-contained CV survey with the outcome of a collective decision, by contrasting hypothetical willingness to pay with willingness to pay inferred from aggregate voting returns and tax liability distributions. The empirical dataset is from a CV survey and a referendum on a proposition to increase financing for landscape and heritage protection in the canton of Zurich, Switzerland. Voting-based willingness to pay was only a small fraction of stated willingness to pay, indicating an inflation in values due to the hypothetical context. Copyright 2006 Blackwell Publishing Ltd..

Suggested Citation

  • Felix Schläpfer & Nick Hanley, 2006. "Contingent Valuation and Collective Choice," Kyklos, Wiley Blackwell, vol. 59(1), pages 115-135, February.
  • Handle: RePEc:bla:kyklos:v:59:y:2006:i:1:p:115-135
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    Cited by:

    1. Schläpfer, Felix & Schmitt, Marcel & Roschewitz, Anna, 2008. "Competitive politics, simplified heuristics, and preferences for public goods," Ecological Economics, Elsevier, vol. 65(3), pages 574-589, April.
    2. repec:kap:enreec:v:69:y:2018:i:1:d:10.1007_s10640-016-0068-5 is not listed on IDEAS
    3. Felix Arnold & Ronny Freier & Magdalena Pallauf & David Stadelmann, 2016. "Voting for direct democratic participation: evidence from an initiative election," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 23(4), pages 716-740, August.
    4. Baumgärtner, Stefan & Drupp, Moritz A. & Meya, Jasper N. & Munz, Jan M. & Quaas, Martin F., 2016. "Income inequality and willingness to pay for public environmental goods," Economics Working Papers 2016-04, Christian-Albrechts-University of Kiel, Department of Economics.
    5. Moritz A. Drupp, 2018. "Limits to Substitution Between Ecosystem Services and Manufactured Goods and Implications for Social Discounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(1), pages 135-158, January.
    6. Schlapfer, Felix & Schmitt, Marcel, 2007. "Anchors, endorsements, and preferences: A field experiment," Resource and Energy Economics, Elsevier, vol. 29(3), pages 229-243, September.
    7. Stefan Baumgärtner & Alexandra Klein & Denise Thiel & Klara Winkler, 2015. "Ramsey Discounting of Ecosystem Services," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 61(2), pages 273-296, June.
    8. Robert Deacon & Felix Schläpfer, 2010. "The Spatial Range of Public Goods Revealed Through Referendum Voting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 47(3), pages 305-328, November.
    9. Miguet, Florence, 2008. "Voting about immigration policy: What does the Swiss experience tell us?," European Journal of Political Economy, Elsevier, vol. 24(3), pages 628-641, September.
    10. Schlapfer, Felix, 2008. "Contingent valuation: A new perspective," Ecological Economics, Elsevier, vol. 64(4), pages 729-740, February.
    11. Felix Arnold & Ronny Freier & Magdalena Pallauf & David Stadelmann, 2014. "Voting for Direct Democracy: Evidence from a Unique Popular Initiative in Bavaria," Discussion Papers of DIW Berlin 1435, DIW Berlin, German Institute for Economic Research.
    12. Schlaepfer, Felix & Mann, Stefan, 2012. "Eine erweiterte Gesamtrechnung der multifunktionalen Schweizer Landwirtschaft," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137140, German Association of Agricultural Economists (GEWISOLA).

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