Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU, and Developing Countries

by Ian J. Bateman (Editor), Ken G. Willis (Editor), Kenneth J. Arrow (Foreword by)

Overview

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.

Product Details

ISBN-13:	9780199248919
Publisher:	Oxford University Press
Publication date:	01/10/2002
Edition description:	New Edition
Pages:	668
Product dimensions:	9.00(w) x 6.10(h) x 1.50(d)

About the Author

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

Introduction and Overview, Bateman and WillisSection One: Theory1. The Place of Economic Values on Environmental Valuation, Turner2. Neo-classical Economic Theory and Contingent Valuation, Hanemann3. The Theory and Measurement of Passive Use Value, Carson, Flores, and Mitchell4. Public Goods and Contingent Valuation, Sugden5. Alternatives to the Neo-classical Theory of Choice, SugdenSection Two: Methodology6. Doubt, Doubts, and Doubters: The Genesis of a New Research Agenda, Boyle and Bergstrom7. A Psychological Perspective, Green and Tunstall8. Information, Uncertainty, and Contingent Valuation, Munro and Hanley9. A Monte Carlo Comparison of OLS Estimation Errors and Design Efficiencies in a Two-stage Stratified Random Sampling Procedure for a Contingent Valuation Study, Choe, Parke, and Whittington10. Statistical Considerations in CVM, Hanemann and Kanninen11. Multilevel Modelling and Contingent Valuation, Langford and Bateman12. Stated Preference Methods for Valuing Environmental Amenities, Adamowicz, Boxall, Louviere, Swait, and WilliamsSection Three: Case Studies13. Option and Anticipatory Values for US WIlderness, Walsh and McKean14. Elicitation Effects in Contingent Valuation Studies, Bateman, Langford, and Rasbash15. Household Demand for Improved Sanitation Services: A Case Study of Calamba, the Philippines, Lauria, Whittington, Choe, Turingan, and AbiadSection Four: Institutional Frameworks16. Contingent Valuation Methodology and the EU Institutional Framework, Bonnieux and Rainelli17. Contingent Valuation Methodology and the US Institutional Framework, Loomis