In a static setting, willingness to pay for an environmental improvement is equal to compensating variation. However, in a dynamic setting characterized by uncertainty, irreversibility, and the potential for learning, willingness to pay may also contain an option value. In this paper, we...

This paper analyzes the links between agriculture and tourism. A contingent valuation study assesses tourist’s willingness to pay (WTP) for agro-tourism and agriculture’s positive environmental services and related positive externalities. The paper analyzes factors influencing tourist...

Natural Resources and Environmental Services act as characterized public goods because they are sources of direct utility without any associated market with related prices. For instance, the recreational services of the natural parks are guaranteed to the visitors by an entrance payment ticket....

This paper estimates the public benefit of preserving 126 000 hectares of old-growth forest in the sub-mountainous region of Sweden through contingent valuation. The primary benefit of this in-situ conservation of biodiversity is the forest’s relative diversity and richness, which provides...

If local communities living adjacent to the elephant see it as a burden, then they cannot be trusted to be its stewards. To assess their valuation of it, a CVM study was conducted for one CAMPFIRE district in Zimbabwe. Respondents were classi…ed according to their preferences over the...

This article addresses the important issue of anchoring in contingent valuation surveys that use the double-bounded elicitation format. Anchoring occurs when responses to the follow-up dichotomous choice valuation question are influenced by the bid presented in the initial dichotomous choice...

Much of the justification for environmental rulemaking rests on estimates of the benefits to society of reduced mortality rates. Yet the literature providing estimates of the willingness to pay (WTP) for mortality risk reductions measures the value that healthy, prime-aged adults place on...

I derive the value of marginal changes in a public good for two-person households, measured alternatively by household member i’s willingness to pay (WTP) for the good on behalf of the household, WTPi(H), or by the sum of individual WTP values across family members, WTP(C). Households are...

Cet article propose une évaluation contingente des services esthétiques et récréatifs rendus par un parc urbain. Les dispositions à payer d’un échantillon d’usagers d’un parc urbain dans la ville d’Angers (le parc Balzac) ont été révélées sur la base de deux scénarios...

La utilización del método de valoración contingente (MVC) como herramienta de valoración de los beneficios derivados de los espacios naturales protegidos está bastante extendida tanto en EE.UU. como en Europa desde los años 70, habiendo sido su desarrollo en España en los años 90....