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Author:Harrison, G.
Lesley, J.
Title:Must contingent valuation surveys cost so much?
Journal:Journal of Environmental Economics and Management
1996 : JUL, VOL. 31:1, p. 79-95
Index terms:ENVIRONMENTAL ECONOMICS
MANAGEMENT
SURVEYS
Language:eng
Abstract:In 1989 the Exxon Valdez ran aground and spilled 11 million gallons of oil in Alaska. Great controversy has surrounded the assessment of monetary damages for this oil spill. The source of this controversy has been the use of hypothetical contingent valuation surveys to assess damages to individual households and the aggregation of these survey values over all households in the United States. The assessment prepared for the state of Alaska is reported to have cost several million dollars to undertake. The authors show that considerable economy can be effected in the elicitation of such survey responses.
SCIMA record nr: 152145
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