Contingent valuation as a dynamic process

Tisdell, Clem, Wilson, Clevo and Swarna Nantha, Hemanath (2008) Contingent valuation as a dynamic process. Journal of Socio-Economics, 37 4: 1443-1458. doi:10.1016/j.socec.2007.04.005

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Author Tisdell, Clem
Wilson, Clevo
Swarna Nantha, Hemanath
Title Contingent valuation as a dynamic process
Journal name Journal of Socio-Economics   Check publisher's open access policy
ISSN 1053-5357
Publication date 2008-08
Year available 2007
Sub-type Article (original research)
DOI 10.1016/j.socec.2007.04.005
Volume 37
Issue 4
Start page 1443
End page 1458
Total pages 16
Editor M. Altman
Place of publication Greenwich, Conn., U.S.A.
Publisher Elsevier
Collection year 2008
Language eng
Subject C1
1402 Applied Economics
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. Copyright © 2007 Elsevier Inc
Keyword Contingent valuation
Q-Index Code C1
Q-Index Status Confirmed Code
Additional Notes Available online 22 April 2007

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Created: Fri, 16 May 2008, 10:50:55 EST by Kaelene Matts on behalf of School of Economics