Chapter

Public Goods and Contingent Valuation

Robert Sugden

in Valuing Environmental Preferences

Published in print November 2001 | ISBN: 9780199248919
Published online November 2003 | e-ISBN: 9780191595950 | DOI: http://dx.doi.org/10.1093/0199248915.003.0005
 Public Goods and Contingent Valuation

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Some of the special problems involved in eliciting preferences for public goods (with which many applications of contingent valuation are concerned) are considered. The defining characteristic of a public good is that the same units of the good are consumed by, or give utility to, more than one individual. The different sections of the chapter address: the theory of public goods, incentive compatibility—as a theoretical problem and as a problem for survey research, the link between preference and choice, voluntary contributions to public goods, and voting to elicit preferences.

Keywords: choice; contingent valuation; incentive compatibility; preference; public goods; survey research; theory of public goods; voluntary contributions; voting

Chapter.  10215 words. 

Subjects: Economic Development and Growth

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