This chapter explores how economists use experimental methods to understand better the
behavioral underpinnings of environmental valuation. Economic experiments, in the lab or …

This paper critically evaluates the notion and application of economic, monetary valuation of
biological diversity, or biodiversity. For this purpose four levels of diversity are considered …

The contingent valuation method for estimating the existence value of natural resources is
examined for psychophysical robustness, statistical reliability, and economic sensibility …

Respondents were shown brief statements (“headlines”) referring to various threats to the
environment or to public health, and other public issues. An intervention to deal with each …

Respondent experience (ie, a respondent's information set) has long been suspected to
influence contingent valuation estimates of environmental values. We assess the influence …

Past field validity tests of contingent valuation have relied on voluntary contribution
mechanisms to elicit actual willingness to pay, and may overestimate hypothetical bias …

Contingent valuation has been used for over 30 years to reveal preferences for non-market
environmental goods. Recent research has questioned the assumption that consumers …

In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of
prominent social scientists to assess the reliability of natural resource damage estimates …

Groundwater is an important natural resourceproviding 35% of the public supply of potable
water and 80% of the rural supply of potable water for domestic consumption and livestock …

Because water in the United State has not been traded in markets, there is no meaningful
estimate of what it would cost if it were traded. But failing to establish ground water's …