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Contingent Valuation In Fisheries Management: The Design Of Satisfactory Contingent Valuation Formats

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  • Hoehn, John P.

Abstract

Fisheries management involves tradeoffs across recreational, commercial, and aesthetic goods. Contingent valuation assists in quantifying these tradeoffs by eliciting resource values directly from the individuals who are affected by resource management. Recent research identifies three sources of potential error in contingent valuation design: (1) communication of complex policy information to individual respondents; (2) time constraints on a respondent's valuation decisions; and (3) strategic effects that arise as a respondent attempts to influence policy outcomes. A conceptual framework and design guidelines are developed for controlling these sources of error.

Suggested Citation

  • Hoehn, John P., 1987. "Contingent Valuation In Fisheries Management: The Design Of Satisfactory Contingent Valuation Formats," Staff Paper Series 292730, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:292730
    DOI: 10.22004/ag.econ.292730
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    Cited by:

    1. Hoehn, John P., 1992. "Natural Resource Damage Assessment and Contingent Valuation: Issues and Research Needs," Staff Paper Series 201153, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. Hoehn, John P. & Walker, David R., 1992. "Environmental Protection: Help or Hurt to Developing Economies?," Staff Paper Series 201162, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    3. Daniel A. Haqen & James W. Vincent & Patrick G. Welle, 1992. "Benefits Of Preserving Old‐Growth Forests And The Spotted Owl," Contemporary Economic Policy, Western Economic Association International, vol. 10(2), pages 13-26, April.

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    Keywords

    Resource /Energy Economics and Policy;

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