Chapter

Doubt, Doubts, and Doubters: The Genesis of a New Research Agenda?

Kevin J. Boyle and John C. Bergstrom

in Valuing Environmental Preferences

Published in print November 2001 | ISBN: 9780199248919
Published online November 2003 | e-ISBN: 9780191595950 | DOI: http://dx.doi.org/10.1093/0199248915.003.0007
 Doubt, Doubts, and Doubters: The Genesis of a New Research Agenda?

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The controversy surrounding contingent valuation following the Exxon Valdez disaster and the NOAA Panel report suggests the need for improved CV study designs. Three issues are of importance in CV studies: understanding option price, sorting out non‐use values, and the relationship between willingness‐to‐pay (WTP) and willingness‐to‐accept (WTA) compensation. Progress also demands more research on the types of information respondents commonly use when answering CV questions, as well as resolving issues of how to deal with zero, protest, and misstated responses.

Keywords: commodity description; dichotomous choice; NOAA; non‐use values; option price; protest bids; WTA; WTP

Chapter.  10367 words. 

Subjects: Economic Development and Growth

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