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Valuing Environmental Preferences
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Valuing Environmental Preferences: Theory and Practice of the Contingent Valuation Method in the US, EU , and developing Countries

Ian J. Bateman and Kenneth G. Willis


Just as individuals have preferences regarding the various goods and services they purchase every day, they also hold preferences regarding public goods such as those provided by the natural environment. However, unlike private goods, environmental goods often cannot be valued by direct reference to any market price, which makes economic analysis of the costs and benefits of environmental change problematic. A number of methods have been developed to address this problem by attempting to value environmental preferences. Principal among these has been the contingent valuation (CV) method, which ... More

Keywords: contingent valuation, critique, debate, developing countries, environmental goods, environmental preferences, environmental services, Europe, institutional framework, methodology, Philippines, theory, UK, USA, validity

Bibliographic Information

Print publication date: 2001 Print ISBN-13: 9780199248919
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0199248915.001.0001


Affiliations are at time of print publication.

Ian J. Bateman, editor
University of East Anglia
Author Webpage

Kenneth G. Willis, editor
University of Newcastle
Author Webpage