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The Contingent Valuation Method: Retrospect and Prospect

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  • Clive L Spash

    (CSIRO Sustainable Ecosystems, Australia)

Abstract

This paper explores the contingent valuation method for environmental valuation. Issues are raised over the validity of the approach as a method of assessing the underlying preferences of individuals. An alternative interpretation is given to the method as a means of exploring underlying motivation in a rich vein of social psychological research.

Suggested Citation

  • Clive L Spash, 2008. "The Contingent Valuation Method: Retrospect and Prospect," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2008-04, CSIRO Sustainable Ecosystems.
  • Handle: RePEc:cse:wpaper:2008-04
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    References listed on IDEAS

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    Cited by:

    1. Nikola Jovanoski, 2015. "Estimating the Value of Preserving the Doubs," IRENE Working Papers 15-02, IRENE Institute of Economic Research.
    2. Anthony Amoah & Peter G. Moffatt, 2017. "Estimating demand for reliable piped-water services in urban Ghana: An application of competing valuation approaches," University of East Anglia School of Economics Working Paper Series 2017-01, School of Economics, University of East Anglia, Norwich, UK..
    3. Álvarez, Begoña & Rodríguez-Míguez, Eva, 2011. "Patients' self-interested preferences: Empirical evidence from a priority setting experiment," Social Science & Medicine, Elsevier, vol. 72(8), pages 1317-1324, April.
    4. Peng Ning & Sang-Ho Lee, 2019. "Estimating the Young Generation’s Willingness to Pay (WTP) for PM 2.5 Control in Daegu, Korea, and Beijing, China," Sustainability, MDPI, vol. 11(20), pages 1-20, October.
    5. Artem Korzhenevych & Charles Kofi Owusu, 2021. "Renewable Minigrid Electrification in Off-Grid Rural Ghana: Exploring Households Willingness to Pay," Sustainability, MDPI, vol. 13(21), pages 1-17, October.

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    More about this item

    Keywords

    stated preferences; environmental values; social psychology;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D6 - Microeconomics - - Welfare Economics
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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