Existence value, contingent valuation, and natural resources damages assessment

被引:11
作者
Blomquist, GC [1 ]
Whitehead, JC [1 ]
机构
[1] E CAROLINA UNIV, GREENVILLE, NC 27834 USA
关键词
D O I
10.1111/j.1468-2257.1995.tb00185.x
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
The purpose of this paper is to review recent developments in economics and public policy with regard to environmental resources. We describe the traditional concepts of externalities, public goods, efficient property rights, and the more recent concept of existence values for wilderness areas and other natural resources. A feature is the inclusiveness of modem economic theory. We trace the development of economic approaches to estimating values. We briefly review approaches based on observable market behavior and contingent market responses. Contingent valuation plays a vital role in estimation because it is the sole technique available for estimating the potentially important existence values. Benefit-cost analysis for regulatory decisions and natural resource damages assessment for implementation of Superfund legislation are discussed. We conclude that estimates of existence values based on contingent valuation can be useful especially when the alternative is greater reliance upon an imperfect political process.
引用
收藏
页码:573 / 589
页数:17
相关论文
共 54 条
[1]   COMBINING REVEALED AND STATED PREFERENCE METHODS FOR VALUING ENVIRONMENTAL AMENITIES [J].
ADAMOWICZ, W ;
LOUVIERE, J ;
WILLIAMS, M .
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1994, 26 (03) :271-292
[2]   NOBEL LECTURE - THE ECONOMIC WAY OF LOOKING AT BEHAVIOR [J].
BECKER, GS .
JOURNAL OF POLITICAL ECONOMY, 1993, 101 (03) :385-409
[3]   THE IMPACT OF INFORMATION ON ENVIRONMENTAL COMMODITY VALUATION DECISIONS [J].
BERGSTROM, JC ;
STOLL, JR ;
RANDALL, A .
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1990, 72 (03) :614-621
[4]   EXISTENCE VALUES IN BENEFIT-COST-ANALYSIS AND DAMAGE ASSESSMENT [J].
BISHOP, RC ;
WELSH, MP .
LAND ECONOMICS, 1992, 68 (04) :405-417
[5]   STATISTICAL BIAS FUNCTIONS AND INFORMATIVE HYPOTHETICAL SURVEYS [J].
BLACKBURN, M ;
HARRISON, GW ;
RUTSTROM, EE .
AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1994, 76 (05) :1084-1088
[6]  
BLOMQUIST GC, 1988, AM ECON REV, V78, P89
[7]  
BLOMQUIST GC, 1996, IN PRESS RESOURCE EN
[8]  
Boyle K. J., 1990, Leisure Sciences, V12, P103, DOI 10.1080/01490409009513092
[9]   THE ROLE OF QUESTION ORDER AND RESPONDENT EXPERIENCE IN CONTINGENT-VALUATION STUDIES [J].
BOYLE, KJ ;
WELSH, MP ;
BISHOP, RC .
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1993, 25 (01) :S80-S99
[10]   AN INVESTIGATION OF PART - WHOLE BIASES IN CONTINGENT-VALUATION STUDIES [J].
BOYLE, KJ ;
DESVOUSGES, WH ;
JOHNSON, FR ;
DUNFORD, RW ;
HUDSON, SP .
JOURNAL OF ENVIRONMENTAL ECONOMICS AND MANAGEMENT, 1994, 27 (01) :64-83