TY - JOUR T1 - Identifying Individual Discount Rates and Valuing Public Open Space with Stated-Preference Models JF - Land Economics JO - Land Econ SP - 209 LP - 224 DO - 10.3368/le.84.2.209 VL - 84 IS - 2 AU - Kent F. Kovacs AU - Douglas M. Larson Y1 - 2008/05/01 UR - http://le.uwpress.org/content/84/2/209.abstract N2 - An individual’s rate-of-time-preference is an important consideration for individuals deciding whether to support a public good, since the benefits of a public good often come in the future. Our study finds individual discount rates from a contingent valuation method (CVM) question where the time frame of the payment schedule is varied across surveys. We find discount rates similar to the rates found in the recent revealed preference and experimental literature of around 30%. Our CVM question addresses the preservation of additional open space adjacent to a large regional park at the urban fringe of Portland, Oregon. (JEL H43, Q51, Q15) ER -