Contingent Valuation: A Critical Assessment

Abstract

Part 1 Contingent valuation-based estimates of non-use value - an overview and outlook: on contingent valuation measurement of non-use values, P.A. Diamond and J.A. Hausman. Part 2 Empirical studies - examining the properties of contingent valuation-based measures of non-use value: does contingent valuation measure preferences? experimental evidence, P.A. Diamond et al measuring natural resource damages with contingent valuation - tests of validity and reliability, W. Desvousges et al issues in the contingent valuation of environmental goods - methodologies for data collection and analysis, D.L. McFadden and G.K. Leonard exploring a budget context for contingent valuation estimates, M.A. Kemp and C. Maxwell where do the numbers come from? how people respond to contingent valuation questions, D.A. Schkade and J.W. Payne review and analysis of recent state-of-the-art contingent valuation studies, W.J. Mead. Part 3 User damages in the case of an oil spill - a reference for total damages: assessing use value losses caused by natural resource injury, J.A. Hausman et al. Part 4 Theoretical issues - economic and legal problems using contingent valuation-based measures of non-use value: contingent valuation of the nonuse value of natural resources - implications for public policy and the liability system, S. Shavell some legal and regulatory aspects of contingent valuation, J.F. Daum is sympathy an economic value? philosophy, economics and the contingent valuation method, P.R. Milgrom. Part 5 Discussion of papers presented at the outlook symposium - an assessment and outlook for contingent valuation: panel discussion, A. Randall et al. Part 6 Perspectives - issues raised at the symposium: contingent valuation - a view of the conference and associated research, C.R. Plott and K.J. Arrow contingent valuation of non-use values - observations and questions, K.J. Arrow.