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: Chapter in Book/Report/Conference proceedingChapter

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 brief y discussed.

Original languageEnglish (US)
Title of host publicationThe Stated Preference Approach to Environmental Valuation
Subtitle of host publicationVolume III: Applications: Benefit-Cost Analysis and Natural Resource Damage Assessment
PublisherTaylor and Francis
Pages423-452
Number of pages30
ISBN (Electronic)9781351881579
ISBN (Print)9780754623342
StatePublished - Jan 1 2018
Externally publishedYes

Keywords

  • Natural resource damage assessment

ASJC Scopus subject areas

  • Environmental Science(all)

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