Contingent valuation and collective choice

Schlapfer, F. and Hanley, N. (2006) Contingent valuation and collective choice. Kyklos, 59(1), pp. 115-135. (doi: 10.1111/j.1467-6435.2006.00323.x)

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Abstract

Contingent valuation (CV) is a widely used but controversial survey-based technique for estimating the nonmarket benefits of environmental goods and services. This study is the first to compare the outcome of a self-contained CV survey with the outcome of a collective decision, by contrasting hypothetical willingness to pay with willingness to pay inferred from aggregate voting returns and tax liability distributions. The empirical dataset is from a CV survey and a referendum on a proposition to increase financing for landscape and heritage protection in the canton of Zurich, Switzerland. Voting-based willingness to pay was only a small fraction of stated willingness to pay, indicating an inflation in values due to the hypothetical context.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Hanley, Professor Nicholas
Authors: Schlapfer, F., and Hanley, N.
College/School:College of Medical Veterinary and Life Sciences > School of Biodiversity, One Health & Veterinary Medicine
Journal Name:Kyklos
Publisher:Wiley
ISSN:0023-5962
ISSN (Online):1467-6435
Published Online:06 February 2006

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