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Contingent Valuation of Environmental Goods: A Comprehensive Critique

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ISBN: 9781786434685 9781786434692 Year: Pages: 336 DOI: 10.4337/9781786434692 Language: English
Publisher: Edward Elgar Publishing
Subject: Environmental Sciences
Added to DOAB on : 2017-04-19 12:41:51
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Abstract

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.

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