Do Contingent Valuation Estimates Pass a

作者: V. Kerry Kerry Smith , Laura L. Osborne

DOI: 10.2139/SSRN.42880

关键词:

摘要: This paper considers two tests proposed to judge the internal consistency of contingent valuation estimates. Both are quite sensitive maintained hypotheses required derive fairly precise expectations for properties WTP functions. result suggests a different approach may be needed in gauging reliability CV. describes an alternative that relies on weight evidence criterion and uses meta analysis develop systematic appraisal what economic values changes amenity resources. The is illustrated case estimating people's willingness pay improving (or maintaining) visibility at national parks.

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