An application of the contingent valuation method

Windle, Jill (1991). An application of the contingent valuation method Master's Thesis, School of Land, Crop and Food Sciences, The University of Queensland.

       
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Author Windle, Jill
Thesis Title An application of the contingent valuation method
School, Centre or Institute School of Land, Crop and Food Sciences
Institution The University of Queensland
Publication date 1991
Thesis type Master's Thesis
Supervisor Dr Robert Cramb
Total pages 78
Language eng
Subjects 0701 Agriculture, Land and Farm Management
Formatted abstract

This report describes an application of the Contingent Valuation Method using a bidding technique, to determine how much local respondents were willing to pay to preserve, upgrade and maintain an area of natural bushland in the Whites Hill/Pine Mountain Reserve, Camp Hill, Brisbane. The bidding technique is a method to elicit honest bids for "goods" not priced in formal markets. Starting point bias was tested for and was found to occur, with a one dollar increase in the starting bid resulting in a $0.80 increase in the final bid. Respondents were unfamiliar with valuing environmental goods and appeared to use "cues" in the bidding process to formulate their answers. The method did however determine that respondents valued the area of urban bushland and were willing to pay money to preserve, upgrade and maintain the area.
Keyword Public goods -- Valuation
Public goods -- Cost effectiveness
National parks and reserves -- Queensland -- Brisbane -- Valuation

 
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