Option price estimates for water quality improvements: A contingent valuation study for the monongahela river

William H. Desvousges, V. Kerry Smith, Ann Fisher

Research output: Contribution to journalArticle

112 Citations (Scopus)

Abstract

We present the findings from a contingent valuation survey designed to estimate the option price bids for the improved recreation resulting from enhanced water quality in the Pennsylvania portion of the Monongahela River. The findings are based on a survey design that used professional interviewers to conduct personal interviews determined from a representative sample of 393 households. In addition, the research suggests that protest bids and outliers be viewed similarly. Accordingly, a new technique for identifying outlying responses is proposed. The findings suggest that the question format affects the option price estimates and that criteria for determining the final sample of responses can have an important influence on contingent valuation results.

Original languageEnglish (US)
Pages (from-to)248-267
Number of pages20
JournalJournal of Environmental Economics and Management
Volume14
Issue number3
DOIs
StatePublished - 1987
Externally publishedYes

Fingerprint

contingent valuation
survey design
outlier
river
water quality
water quality improvement
price
Option prices
Bid
Quality improvement
Contingent valuation
Water quality
recreation
household
Household
Survey design
Recreation
Outliers
Protest

ASJC Scopus subject areas

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

Cite this

Option price estimates for water quality improvements : A contingent valuation study for the monongahela river. / Desvousges, William H.; Smith, V. Kerry; Fisher, Ann.

In: Journal of Environmental Economics and Management, Vol. 14, No. 3, 1987, p. 248-267.

Research output: Contribution to journalArticle

@article{4314c92549904ebca32301229e9b7849,
title = "Option price estimates for water quality improvements: A contingent valuation study for the monongahela river",
abstract = "We present the findings from a contingent valuation survey designed to estimate the option price bids for the improved recreation resulting from enhanced water quality in the Pennsylvania portion of the Monongahela River. The findings are based on a survey design that used professional interviewers to conduct personal interviews determined from a representative sample of 393 households. In addition, the research suggests that protest bids and outliers be viewed similarly. Accordingly, a new technique for identifying outlying responses is proposed. The findings suggest that the question format affects the option price estimates and that criteria for determining the final sample of responses can have an important influence on contingent valuation results.",
author = "Desvousges, {William H.} and Smith, {V. Kerry} and Ann Fisher",
year = "1987",
doi = "10.1016/0095-0696(87)90019-2",
language = "English (US)",
volume = "14",
pages = "248--267",
journal = "Journal of Environmental Economics and Management",
issn = "0095-0696",
publisher = "Academic Press Inc.",
number = "3",

}

TY - JOUR

T1 - Option price estimates for water quality improvements

T2 - A contingent valuation study for the monongahela river

AU - Desvousges, William H.

AU - Smith, V. Kerry

AU - Fisher, Ann

PY - 1987

Y1 - 1987

N2 - We present the findings from a contingent valuation survey designed to estimate the option price bids for the improved recreation resulting from enhanced water quality in the Pennsylvania portion of the Monongahela River. The findings are based on a survey design that used professional interviewers to conduct personal interviews determined from a representative sample of 393 households. In addition, the research suggests that protest bids and outliers be viewed similarly. Accordingly, a new technique for identifying outlying responses is proposed. The findings suggest that the question format affects the option price estimates and that criteria for determining the final sample of responses can have an important influence on contingent valuation results.

AB - We present the findings from a contingent valuation survey designed to estimate the option price bids for the improved recreation resulting from enhanced water quality in the Pennsylvania portion of the Monongahela River. The findings are based on a survey design that used professional interviewers to conduct personal interviews determined from a representative sample of 393 households. In addition, the research suggests that protest bids and outliers be viewed similarly. Accordingly, a new technique for identifying outlying responses is proposed. The findings suggest that the question format affects the option price estimates and that criteria for determining the final sample of responses can have an important influence on contingent valuation results.

UR - http://www.scopus.com/inward/record.url?scp=0023422642&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0023422642&partnerID=8YFLogxK

U2 - 10.1016/0095-0696(87)90019-2

DO - 10.1016/0095-0696(87)90019-2

M3 - Article

AN - SCOPUS:0023422642

VL - 14

SP - 248

EP - 267

JO - Journal of Environmental Economics and Management

JF - Journal of Environmental Economics and Management

SN - 0095-0696

IS - 3

ER -