How precise are monetary representations of environmental improvements?
A study was conducted to examine the accuracy of monetary representations of environmental improvements. Data were drawn from a survey of 425 people, primarily students, who were asked to value environmental goods using a response mode that expressed willingness-to-pay as a multiplier or divider of...
| Publicado en: | Land Economics Vol. 71; pp. 462 - 474 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
University of Wisconsin Press
November 1995
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510382352&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510382352 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: November 1995 vid: 71 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510382352 10.2307/3146711 ppf: 462 ppct: 12 formats: fmt: @attributes: type: T tig: atl: How precise are monetary representations of environmental improvements? aug: au: Gregory, Robin Lichtenstein, Sarah Brown, Thomas C. su: Environmental protection & economics Natural resources Valuation Contingent valuation Test validity Social surveys sug: subj: Environmental protection & economics Natural resources Valuation Contingent valuation Test validity Social surveys ab: A study was conducted to examine the accuracy of monetary representations of environmental improvements. Data were drawn from a survey of 425 people, primarily students, who were asked to value environmental goods using a response mode that expressed willingness-to-pay as a multiplier or divider of a so-called budgetary unit. Findings indicate that hypothetical willingness-to-pay is highly dependent on the size of the budgetary unit. This suggests that people's contingent values are only vaguely represented in monetary terms, so any dollar amount within a broad range is perceived as an acceptable expression of value. The results demonstrate some of the difficulties involved in assessing precise monetary values for environmental resources. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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