Contingent valuation as a dynamic process

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2008
Volume: 37
Issue: 4
Pages: 1443-1458

Authors (3)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper draws attention to the dynamic effects of information provision, experience and memory in the contingent valuation of environmental goods. Psychological and economic theories are used to suggest possible trajectories for contingent values of these goods in relation to these effects. Our case study of a rare wildlife species shows the possibility of marked changes from information provision and, together with other evidence, exposure to the good. It is hypothesised that the impact of these effects decays with the passage of time. The selection of the appropriate contingent value for policy purposes is discussed.

Technical Details

RePEc Handle
repec:eee:soceco:v:37:y:2008:i:4:p:1443-1458
Journal Field
Experimental
Author Count
3
Added to Database
2026-01-29