Contingent valuation and lost passive use: Damages from the Exxon Valdez oil spill

Richard T. Carson, Robert C. Mitchell, Michael Hanemann, Raymond J. Kopp, Stanley Presser, Paul A. Ruud

Research output: Contribution to journalArticle

298 Scopus citations

Abstract

We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study's release are also briefly discussed.

Original languageEnglish (US)
Pages (from-to)257-286
Number of pages30
JournalEnvironmental and Resource Economics
Volume25
Issue number3
DOIs
StatePublished - Jul 3 2003
Externally publishedYes

Keywords

  • Natural resource damage assessment

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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