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Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU , and developing Countries

Editor

Listed:
  • Bateman, Ian J.
    (University of East Anglia)

  • Willis, Kenneth G.
    (University of Newcastle)

Abstract

Just as individuals have preferences regarding the various goods and services they purchase every day, so they also hold preferences regrding public goods such as hose provided by the naural environment. However, unlike provate goods, environmental goods often cannot be valued by direct reference o any market price. Thsi amkes economic analysis of the costs and benefits of environmental change problematic. Over the past few decades a number of methods have developed to address this problem by attempting to value environmental preferences. Principal among hese has been the contingent valuation (CV) method which uses surveys to ask individuals how much they would be willing to pay or willing to accept in compensation for gains and losses of environmental goods. The period from the mid-1980s to the present day has seen a m,assive expansion in use of the CV method. From its originalroots int eh USA, through Europe and the developed world, the method has now reached worldwide application with a substantial proportion of current studies being undertaken in developing countries where environmental services are often the dominating determinant of everyday living standards. The method has simultaneously moved from the realm of pure academic speculation into the sphere of instiutional decision analysis. However, the past decade also witness a developing critique of the CV method with a number of commentators questioning the underlying validity of its dervied valuations. This volume, therefore, reflects a time of heated debate, as wellas from commentators who see it as an interesting experimental tool regardless of the question of absolute validity of estimates. The book embraces the theoritical, methodologicl, empirical, and institutional aspects of the current debate. It covers US, European , and developing country applications, and the institutional frameworks within which CV studies are applied. Contributors to this volume - Bateman and Willis Turner Hanemann Carson, Flores, and Mitchell Sugden Sugden Boyle and Bergstrom Green and Tunstall Munro and Hanley Choe, Parke, and Whittington Hanemann and Kanninen Langford and Bateman Adamowicz, Boxall, Louviere, Swait, and Williams Walsh and McKean Bateman, Langford, and Rasbash Lauria, Whittington, Choe, Turingan, and Abiad Bonnieux and Rainelli Loomis

Suggested Citation

  • Bateman, Ian J. & Willis, Kenneth G. (ed.), 2001. "Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU , and developing Countries," OUP Catalogue, Oxford University Press, number 9780199248919.
  • Handle: RePEc:oxp:obooks:9780199248919
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    Citations

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    Cited by:

    1. Hammitt, James K. & Herrera-Araujo, Daniel, 2018. "Peeling back the onion: Using latent class analysis to uncover heterogeneous responses to stated preference surveys," Journal of Environmental Economics and Management, Elsevier, vol. 87(C), pages 165-189.
    2. repec:pal:eurjdr:v:31:y:2019:i:3:d:10.1057_s41287-018-0157-0 is not listed on IDEAS
    3. repec:eee:enepol:v:109:y:2017:i:c:p:218-227 is not listed on IDEAS
    4. Christian A. Vossler & Ewa Zawojska, 2018. "Toward a better understanding of elicitation effects in stated preference studies," Working Papers 2018-01, University of Tennessee, Department of Economics.
    5. Tisdell, Clement A. & Wilson, Clevo & Swarna Nantha, Hemanath, 2004. "Dynamic Processes in Contingent Valuation: A Case Study Involving the Mahogany Glider," Economics, Ecology and Environment Working Papers 51414, University of Queensland, School of Economics.
    6. repec:eee:enepol:v:130:y:2019:i:c:p:347-354 is not listed on IDEAS
    7. Michael Spanbauer & Lindsay Johnson & Patrick Button, 2017. "How Valuable are National Parks? Evidence from a Proposed National Park Expansion in Alaska," Working Papers 1707, Tulane University, Department of Economics, revised Mar 2018.
    8. Michelson, Hope & Ellison, Brenna & Fairbairn, Anna & Maertens, Annemie & Manyong, Victor, 2018. "Misperceived Quality: Fertilizer in Tanzania," MPRA Paper 90798, University Library of Munich, Germany.
    9. Abrar S. Chaudhury & Ariella Helfgott & Thomas F. Thornton & Chase Sova, 2016. "Participatory adaptation planning and costing. Applications in agricultural adaptation in western Kenya," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 21(3), pages 301-322, March.
    10. repec:eee:renene:v:116:y:2018:i:pa:p:97-108 is not listed on IDEAS
    11. De Groote, Hugo & Gitonga, Zachary & Kimenju, Simon & Keter, Fredric & Ngigi, Obadiah, 2015. "But what do rural consumers in Africa think about GM food?," 2015 Conference, August 9-14, 2015, Milan, Italy 211565, International Association of Agricultural Economists.
    12. Walid Oueslati & Julien Salanie, 2011. "Landscape valuation and planning," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 54(1), pages 1-6.
    13. repec:eee:resene:v:55:y:2019:i:c:p:63-80 is not listed on IDEAS

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