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Keyword: contingent valuation

Nonmarket benefits of reducing environmental effects of potential wildfires in beetle-killed trees: A contingent valuation study

Publications Posted on: November 13, 2017
We estimated Colorado households’ nonmarket values for two forest management options for reducing intensity of future wildfires and associated nonmarket environmental effects wildfires. The first policy is the traditional harvesting of pine beetle-killed trees and burning of the slash piles of residual materials on-site.

Data for "A Primer on Nonmarket Valuation": Chapter 5

Pages Posted on: January 27, 2017
As a companion to A Primer on Nonmarket Valuation edited by P.A. Champ, K.J. Boyle, and T.C. Brown, we developed companion datasets for select chapters.

Economic value of instream flow in Montana's Big Hole and Bitterroot Rivers

Publications Posted on: July 05, 2016
Instream flow is valuable to recreationists who rely on flows for fishing, boating, and other forms of river recreation. Instream flow is also valuable to many members of society, whether they visit the rivers or not, because flows maintain ecosystem stability and associated fish and wildlife habitat. This study estimates the economic value of these recreation and preservation benefits along the Big Hole and the Bitterroot Rivers in Montana.

Cost shared wildfire risk mitigation in Log Hill Mesa, Colorado: Survey evidence on participation and willingness to pay

Publications Posted on: September 30, 2014
Wildland-urban interface (WUI) homeowners who do not mitigate the wildfire risk on their properties impose a negative externality on society. To reduce the social costs of wildfire and incentivise homeowners to take action, cost sharing programs seek to reduce the barriers that impede wildfire risk mitigation.

Data for "A Primer on Nonmarket Valuation"

Tools Posted on: August 05, 2014
As a companion to A Primer on Nonmarket Valuation edited by P.A. Champ, K.J. Boyle, and T.C. Brown (Kluwer Academic Publishers) we developed this website to provide datasets corresponding to each of the nonmarket valuation techniques described in the Primer. We've also included the surveys used to collect the data, the codebooks (explanation of how the data are coded), and links to the publications based on the data.

Heterogeneous nonmarket benefits of managing white pine bluster rust in high-elevation pine forests

Publications Posted on: June 28, 2013
This article describes a nonmarket valuation study about benefits of managing the invasive disease white pine blister rust in highelevation forests in the Western United States. Results demonstrate that, on average, households in the Western United States are willing to pay $154 to improve the resiliency of these forests. Factor analysis shows that long-run protection of the forests dominates recreation in motivating support.

Testing the effectiveness of certainty scales, cheap talk, and dissonance-minimization in reducing hypothetical bias in contingent valuation studies

Publications Posted on: December 10, 2010
Stated preference methods such as contingent valuation and choice modeling are subject to various biases that may lead to differences between actual and hypothetical willingness to pay. Cheap talk, follow-up certainty scales, and dissonance minimization are three techniques for reducing this hypothetical bias.

A comparison of approaches to mitigate hypothetical bias

Publications Posted on: March 04, 2010
We compare two approaches to mitigating hypothetical bias. The study design includes three treatments: an actual payment treatment, a contingent valuation (CV) treatment with a followup certainty question, and a CV treatment with a cheap talk script.

Paired comparison estimates of willingness to accept versus contingent valuation estimates of willingness to pay

Publications Posted on: July 23, 2007
Estimating empirical measures of an individual's willingness to accept that are consistent with conventional economic theory, has proven difficult. The method of paired comparison offers a promising approach to estimate willingness to accept. This method involves having individuals make binary choices between receiving a particular good or a sum of money.

Culture loss and sense of place in resource valuation: Economics, anthropology and indigenous cultures

Publications Posted on: July 12, 2006
The Exxon-Valdez oil tanker ran aground on Bligh Reef outside the Valdez Arm of Prince William Sound, Alaska on March 24th 1989. Aside from attracting enormous media attention, this disaster focused a great deal of research and analysis on the ecological (Brown et al. 1993), political (Piper 1997), economic (Cohen 1993), and social (Jorgensen 1995; Gill and Picou 1997) impacts of the spill.