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A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill

Author

Listed:
  • Carson, R.T.
  • Mitchell, R.C.
  • Hanemann, W.M.
  • Kopp, R.J.
  • Presser, S.
  • Ruud, P.A.

Abstract

We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study’s release are also briefly discussed.

Suggested Citation

  • Carson, R.T. & Mitchell, R.C. & Hanemann, W.M. & Kopp, R.J. & Presser, S. & Ruud, P.A., 1992. "A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill," MPRA Paper 6984, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6984
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    contingent valuation; natural resource damage assessment;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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