Contingent Valuation of Environmental Goods

CRA consultants and academic affiliates contributed chapters to Contingent Valuation of Environmental Goods. This book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. For decades, the method has been the center of debate regarding its reliability: does it really measure the value that people place on environmental changes? Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.
 
CRA-authored chapters include: 
 
Response to cost prompts in stated preference valuation of environmental goods
James Burrows, Powell Dixon 
 
Do contingent valuation estimates of willingness to pay for non-use environmental goods pass the scope test with adequacy? A review of the evidence from empirical studies in the literature
James Burrows, Jeffrey Plewes
 
Some findings from further exploration of the “composite good” approach to contingent valuation
Michael Kemp, Edward Leamer, James Burrows, Powell Dixon
 
Inferences from stated preference surveys when some respondents do not compare costs and benefits
Edward Leamer, Josh Lustig
 
Hypothetical bias: a new meta-analysis
James Burrows
 
For more information on the book and to read the chapters, click here.