The Contingent Valuation Debate: Why Economists Should Care

Portney, Paul R.

doi:10.1257/jep.8.4.3

Cited by 642 publications

(283 citation statements)

References 5 publications

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“…CV is used in several countries to assess environmental damage from oil and chemical spills and to evaluate environmental and safety effects of government policies. CV is a matter of contentious debate and litigation (National Oceanographic and Atmospheric Administration [NOAA], 1993;Portney, 1994).…”

Section: Methods Of Value Measurementmentioning

confidence: 99%

Biases in the quantitative measurement of values for public decisions.

Baron

1997

Psychological Bulletin

144

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Measurement of personal values in terms of money or utility can promote efficient public decisions about environmental and risk regulation, health care, and so forth. Current measures are subject to several biases. Quantitative judgments of value are often based on a concept of importance that ignores the quantity of the good being valued. They are sensitive to irrelevant factors, such as cost of the good (vs. its benefit) and whether it has been reduced by human action or nature. Some judgments are based on moral opinions about actions rather than on the value of consequences. Some of these problems seem solvable by methods that remove irrelevant information or force attention to relevant information. Other problems are less tractable. Their solution should be a high priority for research.

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Section: Methods Of Value Measurementmentioning

confidence: 99%

Biases in the quantitative measurement of values for public decisions.

Baron

1997

Psychological Bulletin

144

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“…This is followed by respondents' socioeconomic profile. Following the recommendation by NOAA panel (Arrow and Solow, 1993;Portney, 1994) face-to-face survey mode was used for data collection. This technique is the commonest adopted as evident in the literature review.…”

Section: Questionnaire Design and Administrationmentioning

confidence: 99%

Households Preferences and Willingness to Pay for Watershed Services Attributes in North Selangor Peat Swamp Forest Malaysia

Abdulkarim

Yacob

Abdullah

et al. 2017

Asian Journal of Economic Modelling

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Realising the objective of payment for ecological services (PES) Contribution/ OriginalityThis study contributes to the existing literature by using the choice experiment approach to analyze willingness to pay for forest watershed conservation. It is also one of very few studies which have investigated Households' Preferences and Willingness to Pay for Watershed Services attributes in the forest reserve.

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“…This system referred to as a preference model helps us recognize what are worth to people [8]. Portney (1994) argued that the approach of CVM must first "contain a scenario or description of the (hypothetical or real) policy or program for the respondents to value or vote upon [9]." Second, "the survey must contain a mechanism for eliciting value or a choice from the respondents", typically with open-ended questions such as how much money people would be willing to pay for ...?…”

Section: B Contingent Valuation Methodsmentioning

confidence: 99%

A Study on the Public Identity for the Sustainable Water Resource Use for the Taichung Metropolis

Lu¹,

Chan²,

Lin³

2015

Proceedings of the 2015 International Conference on Environmental Engineering and Remote Sensing

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Abstract-With the need of environmental conservation and the global climate change, the issue of water resource use becomes one of the main environmental problems. Based on the prestudies for sustainable human habitats by using the expert questionnaires, the water resources and public perception are the most two main factors to influence the sustainability of metropolitan area at Taiwan. Therefore, the study focuses on the public identity for understanding of the water resource, including recycling, reuse and household uses, at Taichung. It also pays attention to survey the public identity for the satisfactions for the present water policies and the future possible sustainable utilization strategies. The user willingness to pay for the sustainable water resource use is valued by using the contingent valuation method and the results is showed as the public supporting standard for the possible strategies. For the research process, there are 574 valid questionnaires by using the face to face survey and structural questionnaires, and the pre-test is suitable for the final survey. The major results show that the government need pay more attention for the improvement of related works and the efficiency, although the people feel more satisfied with the late improvement strategies from the Taichung metropolitan authority. In addition, the public has more abnegation for the water recycling, re-use, and the water fee advance for the household using without the information that the water strategies may be related with the climate change. Otherwise, they have general acceptance and the identification of policy supporting. However, more than 70% people report the government cannot show the enough information to gain the public supporting by mass media. In addition, the CVM model is quite suitable for the future predict for metropolitan sustainable water use.

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The Contingent Valuation Debate: Why Economists Should Care

Cited by 642 publications

References 5 publications

Biases in the quantitative measurement of values for public decisions.

Biases in the quantitative measurement of values for public decisions.

Households Preferences and Willingness to Pay for Watershed Services Attributes in North Selangor Peat Swamp Forest Malaysia

A Study on the Public Identity for the Sustainable Water Resource Use for the Taichung Metropolis

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