Willingness-to-pay (WTP) measures of the effects of changes in health on a person's welfare are more comprehensive than traditional cost-of-illness (COI) measures, but they are sometimes difficult to obtain. The authors investigated two approaches for measuring heart patients' WTP for changes in their angina symptoms. First, actual expenditures and perceived angina episodes avoided were used to...

This study uses travel cost and contingent valuation methods to derive estimates of economic value for recreational use of Los Nevados National Park in the Andean region of Colombia. Park visitors were surveyed regarding their travel costs and willingness-to-pay (WTP) for ecological restoration of areas affected by wildfires in 2006. The travel cost data was analyzed using a zonal travel cost m...

This paper contributes towards the development of an empirical approach applicable to contingent valuation to accommodate non-expected utility risk preferences. Combining elicitation approaches used in field experiments with contingent valuation, we embed an experimental design that systematically varies probabilities and losses across a survey sample in a willingness to pay elicitation format....

A mathematical programming approach is developed for deriving estimates of the willingness-to-pay of water customers for improvements in water supply reliability. Reliability is represented as a probability distribution of different shortage levels, allowing the valuation of different profiles of water supply reliability. The approach is examined analytically and a two-stage linear programming ...

This study investigates how access to political endorsements affects stated preferences for an environmental public good in Switzerland. We developed a contingent valuation survey questionnaire with two valuation questions, the first formulated as a (hypothetical) policy referendum, the second an open-ended WTP question. For the referendum question we solicited endorsements from a range of poli...