Critique of Contingent Valuation and Travel Cost Methods for Valuing Natural Resources and Ecosystems
- Lexicographic Preferences in Contingent Valuation: A Theoretical Framework with Illustrations. Rekola, Mika // Land Economics;May2003, Vol. 79 Issue 2, p277
This paper considers some implications of L[sup *]-ordering, an incommensurable preference model proposed in earlier CV literature. The structure and existence of inverse demand functions is shown to be a function of three elements, the relationship between goods and wants, WTA/ WTP formats and...
- Bid Design Effects in Multiple Bounded Discrete Choice Contingent Valuation. Vossler, Christian; Poe, Gregory; Welsh, P.; Ethier, Robert // Environmental & Resource Economics;Dec2004, Vol. 29 Issue 4, p401
A potential concern in �multiple bounded discrete choice� contingent valuation surveys � where the respondent is asked to express voting certainty, rather than a simple yes or no, on a large number of payment amounts (bids) � is whether responses are influenced by the particular position...
- Environmental economics of the Khangchendzonga National Park in the Sikkim Himalaya, India. Maharana, Iyatta; Rai, S.C.; Sharma, E. // GeoJournal;Apr2000, Vol. 50 Issue 4, p329
Demonstrates that the contingent valuation method (CVM) is a promising approach in environmental economics, drawing on the case of Khangchendzonga National Park in the Sikkim Himalaya, India. Random survey involving local community members and domestic foreign visitors.
- The Gains from Combining Travel Cost and Contingent Valuation Data to Value Nonmarket Goods. King, Catherine L. // Land Economics;Aug97, Vol. 73 Issue 3, p428
This paper provides a critical assessment of the improvements in precision and bias to welfare measures from combining contingent valuation and travel cost data. Simulation experiments are performed using a variation of the model first suggested by Cameron (1992a) with a focus on identifying...
- Valuing Environmental Commodities: Some Recent Experiments. Schulze, William D.; D'Arge, Ralph C.; Brookshire, David S. // Land Economics;May81, Vol. 57 Issue 2, p151
During the past few years, economists have been attempting to apply a variety of techniques to reveal preferences of individuals for non-market environmental commodities. This article is an assessment of six recent experiments that have attempted to reveal preferences for environmental goods;...
- Closely related good prices in the travel cost model. McKean, John R.; Walsh, Richard G. // American Journal of Agricultural Economics;Aug96, Vol. 78 Issue 3, p640
Presents a travel cost demand study which includes prices for closely related goods. Estimation of a disequilibrium labor market model; Estimated consumer surplus per trip; Model using only the conventional travel cost variables as resulting in estimated surplus per trip of $45.
- Reports Show Increasing Amount of toxic 'E-Waste'. // Sustainable Business Weekly;11/16/2009, p2
The article presents information on a report from the Basel Convention on transboundary movement of hazardous waste which says that there is a "catastrophic accumulation of e-waste" in several countries that could prove to be hazardous.
- North Carolina loses ground on waste reduction target. Johnson, Jim // Waste News;3/18/2002, Vol. 7 Issue 24, p1
Presents a forecast of the waste production in North Carolina. Implications of the current growth rate of waste generation for waste accumulation in the state; Projection of a doubled waste production; Increase of consumption and disposal of consumer goods and packaging.
- Determining Market Perceptions on Contamination of Residential Property Buyers Using Contingent Valuation Surveys. Simons, Robert A.; Winson-Geideman, Kimberly // Journal of Real Estate Research;Apr-Jun2005, Vol. 27 Issue 2, p193
This study reports the results of contingent valuation (CV) studies conducted in eight states in the United States. Over 1,100 telephone interviews examined valuation effects on residential properties impacted by Leaking Underground Storage Tanks (LUST). Negative discounts for marginal bidders...