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Valuing environmental losses: What promise does the right measure hold?

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  • Robin Gregory
  • Tim Mcdaniels

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  • Robin Gregory & Tim Mcdaniels, 1987. "Valuing environmental losses: What promise does the right measure hold?," Policy Sciences, Springer;Society of Policy Sciences, vol. 20(1), pages 11-26, April.
  • Handle: RePEc:kap:policy:v:20:y:1987:i:1:p:11-26
    DOI: 10.1007/BF00137047
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    References listed on IDEAS

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    1. Bohm, Peter, 1972. "Estimating demand for public goods: An experiment," European Economic Review, Elsevier, vol. 3(2), pages 111-130.
    2. Jack L. Knetsch & J. A. Sinden, 1984. "Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(3), pages 507-521.
    3. Douglas A. Greenley & Richard G. Walsh & Robert A. Young, 1981. "Option Value: Empirical Evidence from a Case Study of Recreation and Water Quality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 96(4), pages 657-673.
    4. Akerlof, George A & Dickens, William T, 1982. "The Economic Consequences of Cognitive Dissonance," American Economic Review, American Economic Association, vol. 72(3), pages 307-319, June.
    5. David S. Brookshire & Alan Randall & John R. Stoll, 1980. "Valuing Increments and Decrements in Natural Resource Service Flows," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(3), pages 478-488.
    6. Bishop, Richard C. & Heberlein, Thomas A., 1979. "Measuring Values Of Extramarket Goods: Are Indirect Measures Biased?," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 277818, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Peter Bohm, 1972. "Estimating the demand for public goods: An experiment," Framed Field Experiments 00126, The Field Experiments Website.
    8. J. R. Hicks, 1943. "The Four Consumer's Surpluses," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 11(1), pages 31-41.
    9. Dwyer, John F. & Bowes, Michael D., 1978. "Concepts of Value for Marine Recreational Fishing," 1978 Annual Meeting, August 6-9, Blacksburg, Virginia 283660, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Loomes, Graham & Sugden, Robert, 1982. "Regret Theory: An Alternative Theory of Rational Choice under Uncertainty," Economic Journal, Royal Economic Society, vol. 92(368), pages 805-824, December.
    11. Brookshire, David S, et al, 1982. "Valuing Public Goods: A Comparison of Survey and Hedonic Approaches," American Economic Review, American Economic Association, vol. 72(1), pages 165-177, March.
    12. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    13. Bishop, Richard & Heberlein, Thomas A. & Welsh, Michael P. & Baumgartner, Robert M., 1984. "Does Contingent Valuation Work? Results Of The Sandhill Experiment," 1984 Annual Meeting, August 5-8, Ithaca, New York 278963, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Quiggin, John, 1982. "A theory of anticipated utility," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 323-343, December.
    15. Rowe, Robert D. & D'Arge, Ralph C. & Brookshire, David S., 1980. "An experiment on the economic value of visibility," Journal of Environmental Economics and Management, Elsevier, vol. 7(1), pages 1-19, March.
    16. Gregory, Robin, 1986. "Interpreting measures of economic loss: Evidence from contingent valuation and experimental studies," Journal of Environmental Economics and Management, Elsevier, vol. 13(4), pages 325-337, December.
    17. Schoemaker, Paul J H, 1982. "The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations," Journal of Economic Literature, American Economic Association, vol. 20(2), pages 529-563, June.
    18. Richard C. Bishop & Thomas A. Heberlein, 1979. "Measuring Values of Extramarket Goods: Are Indirect Measures Biased?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 926-930.
    19. John F. Dwyer & Michael D. Bowes, 1978. "Concepts of Value for Marine Recreational Fishing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(5), pages 1008-1012.
    20. Slovic, Paul & Lichtenstein, Sarah, 1983. "Preference Reversals: A Broader Perspective," American Economic Review, American Economic Association, vol. 73(4), pages 596-605, September.
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    Cited by:

    1. Victor Brajer & Jane V. Hall & Robert Rowe, 1991. "The Value Of Cleaner Air: An Integrated Approach," Contemporary Economic Policy, Western Economic Association International, vol. 9(1), pages 81-91, January.
    2. Tisdell, Clem & Nantha, Hemanath Swarna & Wilson, Clevo, 2007. "Endangerment and likeability of wildlife species: How important are they for payments proposed for conservation?," Ecological Economics, Elsevier, vol. 60(3), pages 627-633, January.

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