RT Journal Article
SR Electronic
T1 Economic Valuation of the Environment: How Citizens Make Sense of Contingent Valuation Questions
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 122
OP 135
DO 10.2307/3147109
VO 79
IS 1
A1 Svedsäter, Henrik
YR 2003
UL http://le.uwpress.org/content/79/1/122.abstract
AB This study adopts a qualitative approach in order to investigate how people make sense of contingent valuation (CV) questions of a global environmental amenity. The objective is not only to capture people’ s motivations and considerations of willingness to pay (WTP), but also to determine if they adequately comprehend an economic valuation of such public goods. The findings indicate that a large proportion of respondents do not interpret the valuation task, as intended. However, this lack of understanding is not always expressed, unless probed in relation to the elicitation question, and some people have the tendency to provide monetary estimates anyway, whatever meaning they attach to these. (JELH41)