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 â€œmultiple bounded discrete choiceâ€ contingent valuation surveys â€“ where the respondent is asked to express voting certainty, rather than a simple yes or no, on a large number of payment amounts (bids) â€“ is whether responses are influenced by the...
- 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.
- 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;...
- 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...
- 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.
- Comparing ranking and contingent valuation for valuing human lives, applying nested and non-nested logit models Halvorsen, Bente // Environmental & Resource Economics;Sep2000, Vol. 17 Issue 1, p1
The aim of this paper is to investigate whether respondents perceivea discrete-choice contingent valuation (DC-CVM) question differentlyfrom a ranking question. We combine the two approaches to value public projects that try to prevent people from dying prematurely. The combined valuation...