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Environmental Economics and the Conflation of Value and Benefit †

✍ Scribed by Sagoff, Mark


Book ID
126874597
Publisher
American Chemical Society
Year
2000
Tongue
English
Weight
57 KB
Volume
34
Category
Article
ISSN
0013-936X

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Incorporating zero values in the economi
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The contingent valuation method estimates individuals' willingness to pay (WTP) for non-market environmental assets via preferences elicited by either open-ended or dichotomous choice questions. Traditional analysis of such data has tended to ignore zero WTP values, or treat them in an unsatisfactor