Contingent Valuation of Environmental Goods
Show Less

Contingent Valuation of Environmental Goods

A Comprehensive Critique

Edited by Daniel McFadden and Kenneth Train

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.
Buy Book in Print
Show Summary Details
Open access

Chapter 4: An adding-up test on contingent valuations of river and lake quality

William Desvousges, Kristy Mathews and Kenneth Train

If the inline PDF is not rendering correctly, you can download the PDF file here.