Handbook on Contingent Valuation
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Handbook on Contingent Valuation

  • Elgar original reference

Edited by Anna Alberini and James R. Kahn

The Handbook on Contingent Valuation is unique in that it focuses on contingent valuation as a method for evaluating environmental change. It examines econometric issues, conceptual underpinnings, implementation issues as well as alternatives to contingent valuation. Anna Alberini and James Kahn have compiled a comprehensive and original reference volume containing invaluable case studies that demonstrate the implementation of contingent valuation in a wide variety of applications. Chapters include those on the history of contingent valuation, a practical guide to its implementation, the use of experimental approaches, an ecological economics perspective on contingent valuation and approaches for developing nations.
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Chapter 17: The Use of Contingent Valuation in Developing Countries: A Quantitative Analysis

Dan Biller, Karoline Rogge and Giovanni Ruta

Extract

17 The use of contingent valuation in developing countries: a quantitative analysis Dan Biller, Karoline Rogge and Giovanni Ruta1 17.1 Introduction The past three decades have witnessed an expansion in academic and professional journals, of economic valuation methods of public goods, public bads and externalities, especially those targeting environmental problems. Despite significant improvements in the understanding of economic values and methods to measure them in the presence of market failures, economic valuation is yet to reach policy making, and even projects, with the same level of success as in academia. While advancements in environmental laws and regulations design and implementation, law suits, other environmental policy instruments and priority setting exercises suggest that techniques to assess the economic value of environmental issues would be in high demand, environmental policy makers and project managers, who could in principle be major users of economic valuation, are often resistant. At the policy, planning, program, and project level, economic valuation in broad terms, and more specifically the contingent valuation method, are viewed with suspicion. Several explanations for the skepticism are given but tend to fall into three broad categories: (1) The advantages of undertaking economic valuation are unclear; (2) there are many environmental issues that cannot be ‘monetized’ or have a price tag placed upon them; and (3) economic valuation, especially CV, is difficult to do and costly to undertake. Items (1) and (2) have been addressed in detail in the literature. While these items are also discussed in this chapter, item...

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