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.; Arrow, Kenneth J.

• ISBN13: 9780199248919
• ISBN10: 0199248915
• Format: Paperback
• Copyright: 2002-01-10
• 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

List of Contributors	xiii
Introduction and Overview	1	(16)
Ian J. Bateman
Kenneth G. Willis
PART I THEROY
The Place of Economic Values in Environmental Valuation	17	(25)
R. Kerry Turner
Neo-Classical Economic Theory and Contingent Valuation	42	(55)
W. Michael Hanemann
The Theory and Measurement of Passive-Use Value	97	(34)
Richard T. Carson
Nicholas E. Flores
Robert C. Mitchell
Public Goods and Contingent Valuation	131	(21)
Robert Sugden
Alternatives to the Neo-Classical Theory of Choice	152	(31)
Robert Sugden
PART II METHODOLOGY
Doubt, Doubts, and Doubters: The Genesis of a New Research Agenda?	183	(24)
Kevin J. Boyle
John C. Bergstrom
A Psychological Perspective	207	(51)
Colin Green
Sylvia Tunstall
Information, Uncertainty, and Contingent Valuation	258	(22)
Alistair Munro
Nick D. Hanley
A Monte Carlo Comparison of OLS Estimation Errors and Design Efficiencies in a Two--Stage Stratified Random Sampling Procedure for a Contingent Valuation Study	280	(22)
Kyeong Ae Choe
William R. Parke
Dale Whittington
The Statistical Analysis of Discrete-Response CV Data	302	(140)
W. Michael Hanemann
Barbara Kanninen
Multi-Level Modelling and Contingent Valuation	442	(18)
Ian H. Langford
Ian J. Bateman
Stated-Preference Methods for Valuing Environmental Amenities	460	(23)
Wiktor L. Adamowicz
Peter C. Boxall
Jordan J. Louviere
J. Swait
M. Williams
PART III CASE STUDIES
Option and Anticipatory Values of US Wilderness	483	(28)
Richard G. Walsh
John R. McKean
Elicitation Effects in Contingent Valuation Studies	511	(29)
Ian J. Bateman
Ian H. Langford
Jon Rasbash
Household Demand for Improved Sanitation Services: A Case Study of Calamba, the Philippines	540	(45)
Donald T. Lauria
Dale Whittington
Kyeong Ae Choe
Cynthia Turingan
Virginia Abiad
PART IV INSTITUTIONAL FRAMEWORKS
Contingent Valuation Methodology and the EU Institutional Framework	585	(28)
Francois Bonnieux
Pierre Rainelli
Contingent Valuation Methodology and the US Institutional Framework	613	(16)
John B. Loomis
Index of Authors	629	(7)
Index of Subjects	636