Valuing environmental preferences : theory and practice of the contingent valuation method in the US, EU, and developing countries

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Bibliographic Information

Valuing environmental preferences : theory and practice of the contingent valuation method in the US, EU, and developing countries

edited by Ian J. Bateman and Kenneth G. Willis

Oxford University Press, 1999

Available at  / 42 libraries

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Includes bibliographical references and indexes

Description and Table of Contents

Description

The book focuses on one particular set of techniques for valuing the environment, namely the questionnaire-based Contingent Valuation Method (CVM), which asks what people would be willing to pay for an environmental good or attribute, or willing to accept for its loss. Though competing methods of environmental valuation exist, CVM is currently central to the assessment of environmental damage and has been the subject of considerable debate. Contingent valuation evolved as a method to quantify the benefits of non-marketed environmental goods and attributes so that they could be entered directly in benefit This volume has been written at a time of heated debate over the CV method. It contains specially written papers from both sides of that debate, as well as from commentators who see it as an interesting experimental tool regardless of the question of absolute validity of estimates. The book embraces the theoretical, methodological, empirical, and institutional aspects of the current debate. It covers US, European, and developing country applications, and the institutional frameworks within which CVM studies are applied. Questionnaries are reprinted in the case study chapters where appropriate, to allow evaluation of the questionnaire and to complete the illustration of the methodological issues.

Table of Contents

  • Introduction and Overview
  • SECTION ONE: THEORY
  • 1. The Place of Economic Values on Environmental Valuation
  • 2. Neo-classical Economic Theory and Contingent Valuation
  • 3. The Theory and Measurement of Passive Use Value
  • 4. Public Goods and Contingent Valuation
  • 5. Alternatives to the Neo-classical Theory of Choice
  • SECTION TWO: METHODOLOGY
  • 6. Doubt, Doubts, and Doubters: The Genesis of a New Research Agenda
  • 7. A Psychological Perspective
  • 8. Information, Uncertainty, and Contingent Valuation
  • 9. A Monte Carlo Comparison of OLS Estimation Errors and Design Efficiencies in a Two-stage Stratified Random Sampling Procedure for a Contingent Valuation Study
  • 10. Statistical Considerations in CVM
  • 11. Multilevel Modelling and Contingent Valuation
  • 12. Stated Preference Methods for Valuing Environmental Amenities
  • SECTION THREE: CASE STUDIES
  • 13. Option and Anticipatory Values for US WIlderness
  • 14. Elicitation Effects in Contingent Valuation Studies
  • 15. Household Demand for Improved Sanitation Services: A Case Study of Calamba, the Philippines
  • SECTION FOUR: INSTITUTIONAL FRAMEWORKS
  • 16. Contingent Valuation Methodology and the EU Institutional Framework
  • 17. Contingent Valuation Methodology and the US Institutional Framework

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