Can contingent valuation measure nonuse values?

The authors outline how potentially coherent, consistent economic values can be determined by use of contingent valuation measurement (CVM). They use as an example three different CV studies to estimate nonuse values for groundwater. The authors also point out that rapidly changing political prefere...

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Bibliographic Details
Published in:American journal of agricultural economics 1992-12, Vol.74 (5), p.1126-1132
Main Authors: Lazo, J.K. (University of Colorado, Boulder), Schulze, W.D, McClelland, G.H, Doyle, J.K
Format: Article
Language:English
Subjects:
Cognitive models
Commodities
COST
ECONOMIC ANALYSIS
ECONOMIC THEORIES
Economic value
ECONOMICS
EFFICACITE
EFFICIENCY
EFICACIA
ENCUESTAS
ENERGY PLANNING, POLICY AND ECONOMY
ENQUETE
ENVIRONMENTAL EFFECTS
Estimation methods
Evidence on Existence Value for Resource Policy
GROUND WATER
Groundwater
Groundwater contamination
HYDROGEN COMPOUNDS
INFORMATION
Information economics
INSTITUTIONAL FACTORS
Natural resources
OXYGEN COMPOUNDS
Q210
Research methods
RESOURCES
SOCIO-ECONOMIC FACTORS
SURVEY DESIGN
SURVEYS
TEORIAS ECONOMICAS
THEORIE ECONOMIQUE
USES
USOS
UTILISATION
Valuation
VALUE THEORY
WATER 290300 > Energy Planning & Policy-- Environment, Health, & Safety
Water treatment
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Description
Summary:The authors outline how potentially coherent, consistent economic values can be determined by use of contingent valuation measurement (CVM). They use as an example three different CV studies to estimate nonuse values for groundwater. The authors also point out that rapidly changing political preferences can complicate the issues. They feel that the appropriate goal for CVM is to attempt to provide crystallized values for public decisionmaking.
ISSN:0002-9092
1467-8276
DOI:10.2307/1242769