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...

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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
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container_issue 3
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container_title Natural resources journal
container_volume 23
creator Bishop, Richard C.
Heberlein, Thomas A.
Kealy, Mary Jo
description 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%.
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2640-2149
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source JSTOR Archival Journals and Primary Sources Collection; Worldwide Political Science Abstracts
subjects Cash
Coefficients
Economic value
Environmental politics
Evaluation
Geese
Modeling
Natural resources
Questionnaires
Simulations
Travel expenses
Valuation
VALUING ENVIRONMENTAL ASSETS
title Contingent Valuation of Environmental Assets: Comparisons with a Simulated Market
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