Stated-preference surveys for the economic valuation of environmental resources typically assume no uncertainty in the hypothetical valuation scenarios. However, the outcomes of environmental policies are uncertain. We explored the effects of including information on probabilities of attribute improvement and provision in choice experiments. Our results suggest that stating explicitly a high pr...

Environmental economic valuations of biodiversity are an increasingly active field academic inquiry, often presented as a prominent means to rationalize decision-making on environmental issues. However, the meaning this argument is unclear, because it uses term “rationalize” in loose way. This argument, typically formulated literature, makes look though do not involve any value-judgment by econ...

After several decades of academic research on the contingent valuation (CV) method a consistent behavioral explanation of ‘hypothetical bias’ is still lacking. Based on evidence from economics, economic psychology and the political sciences, I propose an explanation that is based on two simple working hypotheses about respondent behaviour in contingent valuation surveys. The first hypothesis is...

This study aims to evaluate the non-market values of ecosystem services generated by wetlands in Southern Quebec. To accomplish this, we evaluated the value of wetland services related to 1) habitat for biodiversity, 2) flood control, 3) water quality and 4) climate regulation. Two non-market valuation methods are proposed, contingent valuation (CV) and choice experiment (CE). Our study aims to...

This paper evaluates the nonmarket activities provided by farmers for recreational and residential purposes in several European regions. A regionally specified general equilibrium model is used to derive the efficiency conditions for a competitive equilibrium to guarantee a Pareto optimal outcome, and some conclusions regarding compensation payments are drawn. Furthermore, existing compensation...

A number of issues have been raised in the contingent valuation (CV) literature regarding the ‘validity’ of CV welfare estimates. This study addressed a number of these concerns within a study looking at the value of an air ambulance service in England. The double bounded dichotomous choice (DBDC) CV approach was used, and data was collected from 800 individuals across England, using a computer...

Neighborhoods within 2 km of most central business districts of U.S. metropolitan areas experienced population declines from 1980 through 2000 but have rebounded markedly since 2000 at greater pace than would be expected from simple mean reversion. Statistical decompositions reveal that 1980-2000 departures of residents without a college degree (of all races) accounted for most of the declines ...

Our paper makes use of the Analytical Hierarchy Process (AHP) in order to derive the willingness to pay (WTP) for complex goods with a range of attributes and attribute levels. Weights obtained from the AHP are used to decompose the aggregate WTP obtained from Contingent Valuation (CV) in a hypothetical simulated market. The empirical analysis uses consumer-level questionnaires to elicit inform...

In their recent Guest Editorial in this journal, Johannesson et al. provide descriptions of the different types of outcome measure that can be used in economic evaluation and recommendations about which measures should be used. Their central argument in the normative sections of the paper appears to be that the chosen outcome measure should reflect individual preferences, which they note is ‘in...