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Project Information

Title: Contingent Valuation, Passive Use

Project Year and Number: 1992: ES04

Other Fiscal Years and Numbers for this Project: 1990: ES04, 1989: ES04

Principal Investigator (PI): Richard Carson, University of California - San Diego

Assisting Personnel: None

Research Location: All Spill Affected Areas

Restoration Category: Damage Assessment

Injured Resources Addressed: Passive Use

Abstract: The Contingent Valuation Method uses survey questions to elicit peoples’ values for private or public goods or services by determining what they would be willing to pay for specified changes in the quantity or quality of such goods or services or what they would be willing to accept in compensation for well-specified degradations in the provision of these goods or services (Mitchell and Carson (1989) and Carson (1991). The method attempts to elicit peoples’ willingness to pay or willingness to accept compensation in dollar amounts. This method circumvents the absence of markets for services provided by natural resources by presenting consumers with hypothetical markets in which they have the opportunity to buy or sell the services in question. The market in a contingent valuation study may be modeled after either a private market or a political referendum. Because the elicited values are contingent upon the particular hypothetical market described to the respondent, this approach came to be called the contingent valuation method.


Keywords

Fields of Expertise Economics

Proposal: PDF Not Available

Funding Recommendations: View

Funding Detail For: 1992

Quarterly Project Tasks For: 1992

Annual Report: 1992: Not Applicable

Final Report: Not Available - For Current Status Please Contact Us

Publications from this Project: None Available

More information may be available for this project under other years:

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Project Number Proposal Annual Reports Final Report Data
1990: ES04 Not Available 1990: Not Applicable
See Project ES04 See Project ES04
1989: ES04 Not Available 1989: Not Applicable
See Project ES04 See Project ES04