Contingent valuation of environmental goods : a comprehensive critique /

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Bibliographic Details
Imprint:	Cheltenham, UK ; Northampton, MA, USA : Edward Elgar Publishing, [2017]
Description:	1 online resource
Language:	English
Subject:	Contingent valuation. Natural resources -- Valuation. Sustainability -- Valuation. Environmental economics. Contingent valuation. Environmental economics. Natural resources -- Valuation. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12331772

Hidden Bibliographic Details
Other authors / contributors:	McFadden, Daniel, editor. Train, Kenneth, editor.
ISBN:	9781786434692 1786434695 1786434687 9781786434685
Notes:	Includes bibliographical references and index. Online resource; title from digital title page (viewed on April 25, 2017).
Summary:	Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique's continued use.
Other form:	Print version: Contingent valuation of environmental goods. Cheltenham, UK : Edward Elgar Publishing, [2017] 9781786434685

Table of Contents:

Front Matter; Copyright; Contents; Contributing authors; Acknowledgment; Introduction; 1. Response to cost prompts in stated preference valuation of environmental goods; 2. Fat tails and truncated bids in contingent valuation: an application to an endangered shorebird species; 3. Inadequate response to frequency of payments in contingent valuation of environmental goods; 4. An adding-up test on contingent valuations of river and lake quality.
5. Do contingent valuation estimates of willingness to pay for non-use environmental goods pass the scope test with adequacy? A review of the evidence from empirical studies in the literature; 6. Stated preference methods and their applicability to environmental use and non-use valuations; 7. Some findings from further exploration of the "composite good" approach to contingent valuation; 8. Inferences from stated preference surveys when some respondents do not compare costs and benefits; 9. Assessing the validity of stated preference data using follow-up questions.
10. Hypothetical bias: a new meta-analysis; 11. Legal obstacles for contingent valuation methods in environmental litigation; Index.

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