A Critique of Conventional Non-market Valuation: Attitudes and Action

This paper revisits two conventional beliefs of environmental nonmarket valuation and examines their weaknesses and a new opportunity. The two beliefs are that willingness to pay (WTP) is an appropriate measure of non-market behaviour and that exogenous variables are relevant predictors of WTP whilst endogenous variables are not. The contemporary literature in psychology and economics is reviewed to demonstrate departures from these two beliefs.


Issue Date:
2006
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/174461
PURL Identifier:
http://purl.umn.edu/174461
Total Pages:
24




 Record created 2017-04-01, last modified 2020-10-28

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