A large body of literature suggests individuals behave differently when responding to hypothetical valuation questions than when actual payment is required. Such findings have generated a great deal of skepticism over the use of the contingent valuation method and benefit measures derived from it. Recently, a new method, cheap talk, has been proposed to eliminate the potential bias in hypotheti...

One of the steps taken to maintain and rehabilitate forest resources is raise conservation funds from drinking water customers, which can be packaged in an environmental services payment scheme or PES. By taking case resource management Central Lombok Indonesia, this study used Contingent Valuation Method find possible willingness pay customers for service contributions. This found that (WTP) c...

...................................................................................... 5 I. Environmental values and valuation approaches........... 7 1. The economic concept of environmental value .................... 7 2. Willingness-to-pay and willingness-to-accept ...................... 8 3. Classifying environmental values ......................................... 9 4. Valuation approaches...

Past field validity tests of contingent valuation have relied on voluntary contribution mechanisms to elicit actual willingness to pay, and may overestimate hypothetical bias because of free riding in the actual contributions. This paper argues that provision point mechanisms are a preferred alternative for field validity tests of contingent valuation because they increase the proportion of dem...

The extension of contingent valuation models with an attitude-behavior based framework has been proposed in order to improve the descriptive and predictive ability of the models. This study examines the potential of the theory of planned behavior to explain willingness to pay (WTP) in a contingent valuation survey of the recreational benefits of the Zurich city forests. Two aspects of WTP respo...

Contingent valuation (CV) has become one of the most widely used non-market valuation techniques. CV’s prominence is due to its flexibility and ability to estimate total value, including passive use value. Its use and the inclusion of passive use value in benefit-cost analyses and environmental litigation are the subject of a contentious debate. This paper discusses key areas of the debate over...