Journal Article

Stated Preference Approaches for Measuring Passive Use Values: Choice Experiments and Contingent Valuation

Wiktor Adamowicz, Peter Boxall, Michael Williams and Jordan Louviere

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 80, issue 1, pages 64-75
Published in print February 1998 | ISSN: 0002-9092
Published online February 1998 | e-ISSN: 1467-8276 | DOI: https://dx.doi.org/10.2307/3180269
Stated Preference Approaches for Measuring Passive Use Values: Choice Experiments and Contingent Valuation

More Like This

Show all results sharing this subject:

  • Renewable Resources and Conservation

GO

Show Summary Details

Preview

The measurement of passive use values has become an important issue in environmental economics. In this paper we examine an extension or variant of contingent valuation, the choice experiment, which employs a series of questions with more than two alternatives that are designed to elicit responses that allow the estimation of preferences over attributes of an environmental state. We also combine the information from choice experiments and contingent valuation to test for differences in preferences and error variances arising from the two methods. Our results show that choice experiments have considerable merit in measuring passive use values.

Keywords: choice experiments; contingent valuation; nonmarket valuation; passive use value; stated preference; Q260

Journal Article.  0 words. 

Subjects: Renewable Resources and Conservation

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.