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Handbook On Contingent Valuation (Elgar Original Reference) by Anna Alberini, James R. Kahn

By Anna Alberini, James R. Kahn

The guide on Contingent Valuation is exclusive in that it makes a speciality of contingent valuation as a mode for comparing environmental swap. It examines econometric matters, conceptual underpinnings, implementation concerns in addition to possible choices to contingent valuation. Anna Alberini and James Kahn have compiled a finished and unique reference quantity containing beneficial case stories that exhibit the implementation of contingent valuation in a large choice of purposes. Chapters contain these at the heritage of contingent valuation, a realistic advisor to its implementation, using experimental techniques, an ecological economics viewpoint on contingent valuation and techniques for constructing countries.

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2 (12, 18) Pre-tests 26 Contingent valuation and economic theory Chicago and is labeled here as the NORC study. It consisted of four separate questionnaires including: (1) a complete replication of the original Alaska instrument modified only slightly to reflect the timing of the new interviews in relation to the Exxon Valdez oil spill (termed the replication version); (2) a version in which the respondent votes on a paper ballot that is placed in a sealed box and the interviewer does not know the decision (the ballot box version); (3) a version where the respondent is told there are three options, ‘for’, ‘against’, and ‘would not vote’ (the no-vote version); and (4) a version with the three choice options and the ballot box (the no-vote/ballot box version).

There are several important precedents for this type of approach for policy analyses. 54 This restriction has been lost in the analyses of non-market changes. Such a ‘Harbergerian calibration’ would remove one aspect of the concerns raised with CV responses. That is, ‘they are no longer payments that would never be made’. It is, as developed below, a logical consequence of the joint estimation strategy that has progressively developed from Cameron’s important advance in the practices used to analyse CV information.

The individual may, instead suffer in (behavioral) silence (p. 26). What this implies is that observed behavior (especially relying on models that assume marginal adjustments) may not capture losses (or gains) incurred by some individuals. Combining this case with the primary ones that are usually cited for CV (that is, no available choice mechanisms to reveal behavior), we have three motivations for continued use of CV: (a) provide people with the opportunity to make (state) choices for changes in environmental objects of choice not available on a discretionary basis; (b) provide analysts greater resolution in the shape of benefit functions for different characteristics or components of environmental resources; and Fifty years of contingent valuation 39 (c) identify the heterogeneity in adjustment thresholds across people for different amounts of environmental resources.

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