IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Applying the Contingent Valuation Method in Resource Accounting: A Bold Proposal

  • Boman, Mattias

    (Southern Swedish Forest Research Centre, Swedish University of Agricultural Sciences)

  • Huhtala, Anni

    (Environmental Economics, MTT Economic Research)

  • Nilsson, Charlotte

    (National Institute of Economic Research)

  • Alroth, Sofia

    (Environmental Strategies Research Group)

  • Bostedt, Göran

    (Dept. of Forest Economics, Swedish University of Agricultural Sciences)

  • Mattssson, Leif

    (Southern Swedish Forest Research Centre, Swedish University of Agricultural Sciences)

  • Gong, Peichen

    (Dept. of Forest Economics, Swedish University of Agricultural Sciences)

Resource accounting involves complementing conventional national accounts with changes in environmental and natural resource capital valued in monetary terms. By adopting the Ramsey device of "Bliss", we derive a theoretically consistent environmentally adjusted NDP (Net Domestic Product) measure. The measure indicates sustainable future consumption that an economy can support along the optimal path approaching "Bliss", or "sustainability" determined by national environmental goals. The goals accepted by the Swedish parliament are used to show the applicability of the contingent valuation method to elicit non-market benefits of an economy approaching the sustainability targets. We investigate the compatibility of marginal willingness to pay measures derived on hypothetical markets with market prices used in national accounts. Finally, we raise certain issues of survey design, e.g. to take advantage of the CVM as a democratic device for value estimation over time.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.konj.se/download/18.70c52033121865b1398800099401/WP_85.pdf
Download Restriction: no

Paper provided by National Institute of Economic Research in its series Working Paper with number 85.

as
in new window

Length: 31 pages
Date of creation: 27 May 2003
Date of revision:
Handle: RePEc:hhs:nierwp:0085
Contact details of provider: Postal: National Institute of Economic Research, P.O. Box 3116, SE-103 62 Stockholm, Sweden
Phone: 46-(0)8-453 59 00
Fax: 46-(0)8-453 59 80
Web page: http://www.konj.se/
Email:


More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Barot, Bharat & Yang, Zan, 2002. "House Prices and Housing Investment in Sweden and the United Kingdom: Econometric Analysis for the Period 1970-1998," Working Paper 80, National Institute of Economic Research.
  2. Eriksson, Kimmo & Karlander, Johan & Öller, Lars-Erik, 1996. "Hierarchical Assignments: Stability and Fairness," Working Paper 50, National Institute of Economic Research.
  3. Arai, Mahmood & Heyman, Fredrik, 2000. "Permanent and Temporary Labour: Job and Worker Flows in Sweden, 1989-1998," Working Paper 71, National Institute of Economic Research.
  4. Ahlroth, Sofia & Bjorklund, Anders & Forslund, Anders, 1997. "The Output of the Swedish Education Sector," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 43(1), pages 89-104, March.
  5. Huhtala, Anni & Samakovlis, Eva, 2003. "Green Accounting, Air Pollution and Health," Working Paper 82, National Institute of Economic Research.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:hhs:nierwp:0085. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Henrik Hellström)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.