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Was the NOAA Panel Correct About Contingent Valuation?

  • Kopp, Raymond

    ()

    (Resources for the Future)

  • Smith, V. Kerry
  • Mitchell, Robert
  • Presser, Stanley
  • Ruud, Paul
  • Hanemann, W. Michael
  • Krosnick, Jon
  • Conaway, Michael
  • Martin, Kerry
  • Carson, Richard

The past few years have seen a highly charged debate about whether contingent valuation (CV) surveys can provide valid economic measures of people's values for environmental resources. In an effort to appraise the validity of CV measures of economic value, a distinguished panel of social scientists, chaired by two Nobel laureates, was established by NOAA, to critically evaluate the validity of CV measures of nonuse value. The Panel provided an extensive set of guidelines for CV survey construction, administration, and analysis, and distinguished a subset of items from their guidelines for special emphasis and described them as burden of proof requirements. Of particular interest was the Panel's requirement that CV surveys demonstrate "responsiveness to the scope of the environmental insult." That demonstration has come to be called a scope test. The paper reports the findings from the first CV study that adheres to the NOAA Panel's guidelines and includes a formal scope test.

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File URL: http://www.rff.org/RFF/documents/RFF-DP-96-20.pdf
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Paper provided by Resources For the Future in its series Discussion Papers with number dp-96-20.

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Date of creation: 01 Jun 1996
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Handle: RePEc:rff:dpaper:dp-96-20
Contact details of provider: Web page: http://www.rff.org

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  1. Boyle Kevin J. & Desvousges William H. & Johnson F. Reed & Dunford Richard W. & Hudson Sara P., 1994. "An Investigation of Part-Whole Biases in Contingent-Valuation Studies," Journal of Environmental Economics and Management, Elsevier, vol. 27(1), pages 64-83, July.
  2. Richard T. Carson & W. Michael Hanemann, & Raymond J. Kopp & Jon A. Krosnick & Robert C. Mitchell & Stanley Presser & Paul A. Rudd & V. Kerry Smith & Michael Conaway & Kerry Martin, 1997. "Temporal Reliability of Estimates from Contingent Valuation," Land Economics, University of Wisconsin Press, vol. 73(2), pages 151-163.
  3. Timothy C. Haab & Kenneth E. McConnell, . "Referendum Models and Negative Willingness to Pay: Alternative Solutions," Working Papers 9610, East Carolina University, Department of Economics.
  4. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
  5. W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
  6. Kopp, Raymond & Smith, V. Kerry & Mitchell, Robert & Presser, Stanley & Ruud, Paul & Hanemann, W. Michael & Krosnick, Jon & Carson, Richard, 1995. "Referendum Design and Contingent Valuation: The NOAA Panel's No-Vote Recommendation," Discussion Papers dp-96-05, Resources For the Future.
  7. Griffin, Charles C, et al, 1995. "Contingent Valuation and Actual Behavior: Predicting Connections to New Water Systems in the State of Kerala, India," World Bank Economic Review, World Bank Group, vol. 9(3), pages 373-95, September.
  8. Diamond, P., 1993. "Testing the Internal Consistency of Contingent Valuation Surveys," Working papers 93-1, Massachusetts Institute of Technology (MIT), Department of Economics.
  9. Smith, V. Kerry & Osborne, Laura L., 1996. "Do Contingent Valuation Estimates Pass a "Scope" Test? A Meta-analysis," Journal of Environmental Economics and Management, Elsevier, vol. 31(3), pages 287-301, November.
  10. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
  11. 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.
  12. Ronald Cummings & Glenn Harrison, 1995. "The measurement and decomposition of nonuse values: A critical review," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(3), pages 225-247, April.
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