Contingent Valuation of Environmental Assets: Comparisons with a Simulated Market

To test the feasibility of contingent valuation of environmental assets, a study is conducted involving the issuance of Wisconsin goose hunting permits. The permits are evaluated using several contingent valuation mechanisms and a travel-cost model, and they are also assessed in a simulated market w...

Full description

Saved in:
Bibliographic Details
Published in:Natural resources journal 1983-07, Vol.23 (3), p.619-633
Main Authors: Bishop, Richard C., Heberlein, Thomas A., Kealy, Mary Jo
Format: Article
Language:English
Subjects:
Cash
Coefficients
Economic value
Environmental politics
Evaluation
Geese
Modeling
Natural resources
Questionnaires
Simulations
Travel expenses
Valuation
VALUING ENVIRONMENTAL ASSETS
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:To test the feasibility of contingent valuation of environmental assets, a study is conducted involving the issuance of Wisconsin goose hunting permits. The permits are evaluated using several contingent valuation mechanisms and a travel-cost model, and they are also assessed in a simulated market where permittees are offered real money not to hunt. Results indicate that contingent values may be in error by as much as 50%.
ISSN:0028-0739
2640-2149