CONTINGENT VALUATION AND SOCIAL CHOICE

被引:261
作者
MCFADDEN, D
机构
[1] Department of Economics, Econometrics Lab, University of California, Berkeley
关键词
CONTINGENT VALUATION; WILLINGNESS-TO-PAY; SOCIAL CHOICE; EXISTENCE VALUE;
D O I
10.2307/1243732
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
The contingent valuation method for estimating the existence value of natural resources is examined for psychophysical robustness, statistical reliability, and economic sensibility. Extensions of standard models for willingness-to-pay, and suitable econometric techniques for analyzing these models, are developed. The analysis is applied to a series of experiments on the value of preserving wilderness areas in the western United States. The results call into question the reliability of the CV method for estimating existence values.
引用
收藏
页码:689 / 708
页数:20
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