The past few years have seen a highly charged debate about whether contingent valuation (CV) surveys can provide valid economic measures of people's values for environmental resources. In an effort to appraise the validity of CV measures of economic value, a distinguished panel of social...

This volume describes what is arguably the first and only valuation study to meet in full the reference study standards set by NOAA's Blue Ribbon Panel on Contingent Valuation. This book documents a contingent valuation study for a generic environmental good: preventing the likely injuries from...

In 1992 the National Oceanic and Atmospheric Administration (NOAA) convened a panel of prominent social scientists to assess the reliability of natural resource damage estimates derived from contingent valuation (CV). The product of the Panel's deliberations was a report that laid out a set of...