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Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill

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  • Richard Carson
  • Robert Mitchell
  • Michael Hanemann
  • Raymond Kopp
  • Stanley Presser
  • Paul Ruud

Abstract

We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study's release are also briefly discussed. Copyright Kluwer Academic Publishers 2003

Suggested Citation

  • Richard Carson & Robert Mitchell & Michael Hanemann & Raymond Kopp & Stanley Presser & Paul Ruud, 2003. "Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 257-286, July.
    • Handle: RePEc:kap:enreec:v:25:y:2003:i:3:p:257-286
    DOI: 10.1023/A:1024486702104
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    References listed on IDEAS

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