Contingent Valuation and Collective Choice.
Contingent valuation (CV) is a widely used but controversial survey-based technique for estimating the nonmarket benefits of environmental goods and services. This study is the first to compare the outcome of a self-contained CV survey with the outcome of a collective decision, by contrasting hypoth...
| Publicado en: | Kyklos Vol. 59; no. 1; pp. 115 - 136 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
2006
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| Sumario: | Contingent valuation (CV) is a widely used but controversial survey-based technique for estimating the nonmarket benefits of environmental goods and services. This study is the first to compare the outcome of a self-contained CV survey with the outcome of a collective decision, by contrasting hypothetical willingness to pay with willingness to pay inferred from aggregate voting returns and tax liability distributions. The empirical dataset is from a CV survey and a referendum on a proposition to increase financing for landscape and heritage protection in the canton of Zurich, Switzerland. Voting-based willingness to pay was only a small function of stated willingness to pay, indicating an inflation in values due to the hypothetical context. Reprinted by permission of the publisher. |
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