Valuing Environmental Amenities Using Stated Choice Studies

A Common Sense Approach to Theory and Practice
2007
ISBN: 978-1-4020-4064-1
Verlag: Springer Netherlands

Buch, Englisch, Band 8, 337 Seiten, HC runder Rücken kaschiert, Format (B × H): 160 mm x 241 mm, Gewicht: 1480 g

Reihe: The Economics of Non-Market Goods and Resources

When I was a graduate student, I fell in love with choice models. After years studying the econometrics of the standard linear model, discrete choice offered so many new, cool twists. With contingent valuation (CV) studies abounding, data was plentiful and varied. Every CV dataset had its own kinks and quirks that begged to be addressed through innovative modeling techniques. Dissertation topics were not scarce. We economists like to assume. There are jokes written about this. My assumption, as I slaved over the statistical properties of the double-bounded CV model, was that CV data was good data, representing valid economic choices made by survey respondents. Before I received my Ph.D., this assumption was called into question big time. In 1989, the Exxon-Valdez oil tanker spilled 11 million gallons of oil into Prince William Sound, Alaska. The accident killed a lot of birds, devastated fisheries, harmed area economies and ruined a reputation or two. It also changed the field of environmental valuation. What was once a research field dominated by environmental economists interested in obtaining nonmarket values for environmental amenities was now a legal battleground pitting environmental economists against “traditional” economists who were skeptical of the techniques and procedures used with CV. If Nobel prizes are indicators of quality – and I’m fairly certain they are – the Exxon-Valdez oil spill drew the best and the brightest to scrutinize our field.

Zielgruppe

Research

Autoren/Hrsg.

Kanninen, Barbara J.

Fachgebiete

• Geowissenschaften Umweltwissenschaften Umweltwissenschaften
• Geowissenschaften Umweltwissenschaften Umwelttechnik
• Technische Wissenschaften Umwelttechnik | Umwelttechnologie Umwelttechnik

Inhaltsverzeichnis

Contributing Authors.- Preface.- Acknowledgments.- 1. Getting Started, Carol Mansfield and Subhrendu Pattanayak.- 2. Survey Methodologies for Stated-Choice Studies, Patricia A. Champ and Michael P. Welsh.- 3. Supporting Questions in Stated-Choice Studies, Alan Krupnick and W. Vic Adamowicz.- 4. Making Choice Studies Incentive Compatible, Glenn Harrison.- 5. How and How Much? The Role of Information in Stated-Choice Questionnaires, Kristy E. Mathews, Miranda L. Freeman and William H. Desvousges.- 6. Attribute Processing in Choice Experiments and Implications on Willingness to Pay, David A. Hensher.- 7. Experimental Design for Stated-Choice Studies, F. Reed Johnson, Barbara Kanninen and Matthew Bingham.- 8. Basic Statistical Models for Stated-Choice Studies, Anna Alberini, Alberto Longo and Marcella Veronesi.- 9. Advanced Choice Models, Joffre Swait.- 10. Computer Software to Estimate Choice Models, Daniel Hellerstein.- 11. Judging Quality, V. Kerry Smith.- Index.