Valuing Environmental Preferences Theory and Practice of the Contingent Valuation Method in the US, EU, and Developing Countries

by Bateman, Ian J.; Willis, Ken G.

• ISBN13: 9780198288534
• ISBN10: 0198288530
• Format: Hardcover
• Copyright: 1999-06-24
• Publisher: Oxford University Press

Summary

This is a comprehensive and up-to-date treatment of the 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. CVM is currently central to the assessment of environmental damage and has been the subject of considerable debate, especially in the case of the Exxon Valdez disaster in Alaska. Aimed at specialists, this book contains specially commissioned 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.

Author Biography

Ian J. Bateman is Reader in Environmental Economics at the Centre for Social and Environmental Research on the Global Environment (CSERGE), in the School of Environmental Sciences at the University of East Anglia.
Kenneth G. Willis is Professor of Environmental Economics in the Department of Town and Country Planning at the University of Newcastle upon Tyne.

Table of Contents

Bateman and Willis: Introduction and Overview

Theory

Turner: The Place of Economic Values on Environmental Valuation

Hanemann: Neo-classical Economic Theory and Contingent Valuation

Carson, Flores, and Mitchell: The Theory and Measurement of Passive Use Value

Sugden: Public Goods and Contingent Valuation

Sugden: Alternatives to the Neo-classical Theory of Choice

Methodology

Boyle and Bergstrom: Doubt, Doubts, and Doubters: The Genesis of a New Research Agenda

Green and Tunstall: A Psychological Perspective

Munro and Hanley: Information, Uncertainty, and Contingent Valuation

Choe, Parke, and Whittington: A Monte Carlo Comparison of OLS Estimation Errors and Design Efficiencies in a Two-stage Stratified Random Sampling Procedure for a Contingent Valuation Study

Hanemann and Kanninen: Statistical Considerations in CVM

Langford and Bateman: Multilevel Modelling and Contingent Valuation

Adamowicz, Boxall, Louviere, Swait, and Williams: Stated Preference Methods for Valuing Environmental Amenities

Case Studies

Walsh and McKean: Option and Anticipatory Values for US WIlderness

Bateman, Langford, and Rasbash: Elicitation Effects in Contingent Valuation Studies

Lauria, Whittington, Choe, Turingan, and Abiad: Household Demand for Improved Sanitation Services: A Case Study of Calamba, the Philippines

Institutional Frameworks

Bonnieux and Rainelli: Contingent Valuation Methodology and the EU Institutional Framework

Loomis: Contingent Valuation Methodology and the US Institutional Framework

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