Personal versus societal preferences in contingent valuation assessments
Howley, Peter Hynes, Stephen O'Donoghue, Cathal
Howley, Peter
Hynes, Stephen
O'Donoghue, Cathal
Loading...
Repository DOI
Publication Date
2010-12
Keywords
Type
Working Paper
Downloads
Citation
Howley, P., Hynes, S., & O'Donoghue, C. (2010). Personal versus societal preferences in contingent valuation assessments (Economics Working Paper no. 167): Department of Economics, National University of Ireland, Galway.
Abstract
Contingent valuation has been used extensively in estimating the value of environmental goods. One criticism of this approach, however, is that respondents in referendum-style contingent valuation surveys may express citizen assessments that take into account benefits to others rather than benefits that accrue purely to the respondent themselves. Within this context, the aim of this paper is to examine to what extent individuals express different preferences when adopting a personal or a social/citizen perspective. While this paper provides some support for the hypothesis that individuals express different preferences when adopting collective as opposed to personal choices, reported willingness to pay (WTP) was found to be insensitive to whether or not the respondents were asked the WTP question from a personal or social perspective.
Funder
Publisher
National University of Ireland, Galway
Publisher DOI
Rights
Attribution-NonCommercial-NoDerivs 3.0 Ireland