Expanding Contingent Value Sample Estimates to Aggregate Benefit Estimates: Current Practices and Proposed Solutions

1987-11-01articleLand Economics98 citationsclosed

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Economic and Environmental Valuation Conservation, Biodiversity, and Resource Management Socioeconomics of Resources and Conservation

Abstract

A mail survey was administered to a panel of Colorado consumers to obtain estimates of willingness to pay (WTP) for preserving Union Park. Detailed socioeconomic data for all surveyed individuals was available a priori. We develop and employ the multiple-...

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References

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1984Valuing Option, Existence, and Bequest Demands for Wilderness

1974Bidding games for valuation of aesthetic environmental improvements

Cited by

1993Evaluating the Effect of Alternative Risk Communication Devices on Willingness to Pay: Results from a Dichotomous Choice Contingent Valuation Experiment