Real and hypothetical willingness to pay for environmental preservation: A non-experimental comparison

Journal of Agricultural Economics

Volumn 48, Issue 2, 1997, Pages 123-137

  Foster, Vivien ^a,b   Bateman, Ian J ^a,c   Harley, David ^d  

^a UNIVERSITY COLLEGE LONDON   (United Kingdom)

^b Oxford Economic Research Associates   (United Kingdom)

^c UNIVERSITY OF EAST ANGLIA   (United Kingdom)

^d RSPB CENTRE FOR CONSERVATION SCIENCE   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

CONCEPTUAL FRAMEWORK; CONTINGENT VALUATION; ENVIRONMENTAL CONSERVATION; ENVIRONMENTAL ECONOMICS; WILLINGNESS TO PAY;

EID: 0030724964     PISSN: 0021857X     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1477-9552.1997.tb01140.x     Document Type: Article

References (40)

1. Bateman, I. J. and Turner, K. (1993). The Contingent Valuation Method, in Turner, K. (ed.) Sustainable Environmental Economics and Management: Principles and Practice. London, Belhaven.
2. Bateman, I. J., Langford, I. H., Turner, R. K., Willis, K. G. and Garrod, G. D. (1995a). Elicitation and Truncation Effects in Contingent Valuation Studies. Ecological Economics, 12, 161-179.
3. Bateman, I. J., Langford, I. H. and Graham, A. (1995b). Survey of Non-Users Willingness to Pay to Prevent Saline Flooding in the Norfolk Broads. Global Environmental Change Working Paper 95-11, Centre for Social and Economic Research on the Global Environment, University of East Anglia and University College, London.
4. Bergstrom, J. C. and Stoll, J. R. (1989). Application of Experimental Economics Concepts and Precepts to CVM Field Survey Procedures. Western Journal of Agricultural Economics, 14(1), 98-109.
5. Bishop, R. C. and Heberlein, T. A. (1979). Measuring Values of Extramarket Goods: Are Indirect Measures Biased? American Journal of Agricultural Economics, 61, 926-930.
6. Bishop, R. C. and Heberlein, T. A. (1986). Assessing the Validity of Contingent Valuations: Three Field Experiments. Science of the Total Environment, 56, 434-479.
7. Bohm, P. (1972). Estimating Demand for Public Goods: An Experiment. European Economic Review, 3, 111-130.
8. Brown, T. C., Champ, P. A., Bishop, R. C. and McCollum, D. W. (1996). Which Response Format Reveals the Truth About Donations to a Public Good? Land Economics, 72(2), 152-166.
9. Centre for Social and Economic Research on the Global Environment and Department of the Environment (1994). UK Studies of the Economic Valuation of Environmental Impacts: Central Directory. Centre for Social and Economic Research on the Global Environment, University College London and University of East Anglia.
10. Cummings, R. G., Brookshire, D. S. and Schulze, W. D. (1986). Valuing Environmental Goods: A State of the Arts Assessment of the Contingent Method. Rowman and Allanheld, Totowa, NJ.
11. Cummings, R. G., Harrison, G. W. and Rutstrom, E. E. (1995). Homegrown Values and Hypothetical Surveys: Is the Dichotomous Choice Approach Incentive Compatible? American Economic Review, 85, 260-266.
12. Cummings, R. G. and Harrison, G. W. (1995). The Measurement and Decomposition of Non-Use Values: A Critical Review. Environmental and Resource Economics, 5, 225-247.
13. Diamond, P. A. and Hausman, J. A. (1994). Contingent Valuation: Is Some Number Better Than No Number? Journal of Economic Perspectives, 8, 45-64.
14. Dickie, M., Fisher, A. and Gerking, S. (1987). Market Transactions and Hypothetical Demand Data: A Comparative Survey. Journal of the American Statistical Association, 82, 69-75.
15. Foster, V, Bateman, I. J. and Harley, D. (1996). A Non-Experimental Comparison of Real and Hypothetical Willingness to Pay. Global Environmental Change Working Paper 96-10, Centre for Social and Economic Research on the Global Environment, University of East Anglia and University College, London.
16. Garrod, G. D. and Willis, K. G. (1994). Valuing Biodiversity and Nature Conservation at a Local Level. Biodiversity and Conservation, 3, 555-565.
17. Hanley, N. and Craig, S. (1991). Wilderness Development Decisions and the Krutilla-Fisher Model: The Case of Scotland's 'Flow Country'. Ecological Economics, 4(2), 145-165.
18. Hanley, N. and Munro, A. (1994). The Effects of Information in Contingent Markets for Environmental Goods. Discussion Paper in Ecological Economics 94/5, Department of Economics, University of Stirling.
19. Hanley, N. and Spash, C. (1993). Cost Benefit Analysis and the Environment. Aldershot: Edward Elgar.
20. Harley, D. and Hanley, N. (1989). Economic Benefit Estimates for Nature Reserves: Methods and Results. Discussion Paper in Economics 89/6, Department of Economics, University of Stirling.
21. Hoehn, J. P. and Randall, A. (1987). A Satisfactory Benefit Cost Indicator From Contingent Valuation. Journal of Environmental Economics and Management, 14, 226-247.
22. Kahneman, D. and Knetsch, J. L. (1992). Valuing Public Goods: The Purchase of Moral Satisfaction. Journal of Environmental Economics and Management, 22, 57-70.
23. Kealy, M.-J., Dovidio, J. F. and Rockel, M. L. (1988). Accuracy in Valuation is a Matter of Degree. Land Economics, 64, 158-171.
24. Kealy, M.-J., Montgomery, M. and Dovidio, J. (1990). Reliability and Predictive Validity of Contingent Values: Does the Nature of the Good Matter? Journal of Environmental Economics and Management, 19, 244-263.
25. Loomis, J., Brown, T., Lucero, B. and Peterson, G. (1995). Improving Validity Experiments of Contingent Valuation Methods: Results of Efforts to Reduce the Disparity of Hypothetical and Actual Willingness to Pay. Paper Presented at the W-133 Regional Research Meeting, Monterey, California, USA.
26. MacMillan, D. (1996). Non-Market Benefits of Restoring Native Woodlands. Paper Presented at the International Symposium on the Non-Market Benefits of Forestry, Edinburgh, 1996.
27. Mitchell, R. C. and Carson, R. T. (1989). Using Surveys to Value Public Goods. Resources for the Future, Washington, DC.
28. Navrud, S. (1992). Willingness to Pay for Preservation of Species: An Experiment with Actual Payments, in Navrud, S. (ed.) Pricing the European Environment. Oslo, Norway, Scandinavian University Press.
29. Neill, H., Cummings, R. G., Ganderton, P. T., Harrison, G. W. and McGuckin, T. (1994). Hypothetical Surveys and Real Economic Commitments. Land Economics, 70, 145-154.
30. Sagoff, M. (1988). Some Problems with Environmental Economics. Environmental Ethics, 10, 55-74.
31. Samples, K. C., Gowen, M. M. and Dixon, J. A. (1986). The Validity of the Contingent Valuation Method for Estimating Non-Use Components of Presentation Value for Unique Natural Resources. Paper Presented to the Annual Meeting of the American Agricultural Economics Association, Reno, Nevada, USA.
32. Samuelson, P. ( 1954). The Pure Theory of Public Expenditure. Review of Economics and Statistics, 36,387-389.
33. Schulze, W. D., d'Arge, R. C. and Brookshire, D. S. (1981). Valuing Environmental Commodities: Some Recent Experiments. Land Economics, 57(2), 151-169.
34. Seip, K. and Strand, J. (1990). Willingness to Pay for Environmental Goods in Norway: A Contingent Valuation Study with Real Payments. Environmental and Resource Economics, 2, 91-106.
35. Sinden, J. A. (1988). Empirical Tests of Hypothetical Bias in Consumer's Surplus Surveys. Australian Journal of Agricultural Economics, 32, 98-112.
36. Spash, C. and Hanley, N. (1995). Preferences, Information and Biodiversity Preservation. Ecological Economics, 12, 191-208.
37. Starrett, D. (1988). Foundations of Public Economics, New York, Cambridge University Press.
38. Willis, K. G. and Garrod, G. D. (1993). Valuing Landscape: A Contingent Valuation Method. Journal of Environmental Management, 37, 1-22.
39. Willis, K. G., Garrod, G. D. and Saunders, C. M. (1993). Valuation of the South Downs and Somerset Levels and Moors Environmentally Sensitive Area Landscapes by the General Public. Research Report, Centre for Rural Economy, University of Newcastle Upon Tyne.
40. Willis, K. G., Garrod, G. D. and Benson, J. F. (1995). Wildlife Enhancement Scheme: A Contingent Valuation Study of the Pevensey Levels. Report to English Nature.