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Stated preference methods and their applicability to environmental use and non-use valuations

In: Contingent Valuation of Environmental Goods

Author

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  • Daniel McFadden

Abstract

Contingent valuation is a survey-based procedure that attempts to estimate how much households are willing to pay for specific programs that improve the environment or prevent environmental degradation. 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? Bringing together leading voices in the field, this timely book tells a unified story about the interrelated features of contingent valuation and how those features affect its reliability. Through empirical analysis and review of past studies, the authors identify important deficiencies in the procedure, raising questions about the technique’s continued use.

Suggested Citation

  • Daniel McFadden, 2017. "Stated preference methods and their applicability to environmental use and non-use valuations," Chapters, in: Daniel McFadden & Kenneth Train (ed.), Contingent Valuation of Environmental Goods, chapter 6, pages 153-187, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17527_6
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    Citations

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    Cited by:

    1. Amoah, Anthony & Ferrini, Silvia & Schaafsma, Marije, 2019. "Electricity outages in Ghana: Are contingent valuation estimates valid?," Energy Policy, Elsevier, vol. 135(C).
    2. Beata Woźniak-Jęchorek, 2023. "Experiments in Modern Economics – Expansion and Technological and Institutional Innovations in the U.S," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 1, pages 78-101.
    3. Motz, Alessandra, 2021. "Security of supply and the energy transition: The households' perspective investigated through a discrete choice model with latent classes," Energy Economics, Elsevier, vol. 97(C).
    4. Xie, Lusi & Adamowicz, Wiktor & Kecinski, Maik & Fooks, Jacob R., 2022. "Using economic experiments to assess the validity of stated preference contingent behavior responses," Journal of Environmental Economics and Management, Elsevier, vol. 114(C).
    5. Andor, Mark A. & Frondel, Manuel & Gerster, Andreas & Sommer, Stephan, 2019. "Cognitive reflection and the valuation of energy efficiency," Energy Economics, Elsevier, vol. 84(S1).
    6. Motz, Alessandra, 2021. "Consumer acceptance of the energy transition in Switzerland: The role of attitudes explained through a hybrid discrete choice model," Energy Policy, Elsevier, vol. 151(C).
    7. Rotaris, Lucia & Danielis, Romeo & Maltese, Ila, 2019. "Carsharing use by college students: The case of Milan and Rome," Transportation Research Part A: Policy and Practice, Elsevier, vol. 120(C), pages 239-251.

    More about this item

    Keywords

    Economics and Finance; Environment;

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