Temporal reliability of estimates from contingent valuation

Richard T. Carson; W. Michael Hanemann; Raymond J. Kopp; Jon A. Krosnick; Robert C. Mitchell; Stanley Presser; Paul A. Ruud; V. Kerry Smith; Michael Conaway; Kerry Martin

doi:10.2307/3147279

Temporal reliability of estimates from contingent valuation

Richard T. Carson, W. Michael Hanemann, Raymond J. Kopp, Jon A. Krosnick, Robert C. Mitchell, Stanley Presser, Paul A. Ruud, V. Kerry Smith, Michael Conaway, Kerry Martin

Research output: Contribution to journal › Article › peer-review

100 Scopus citations

Abstract

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 panel recommended that "time dependent measurement noise should be reduced by averaging across independently drawn samples taken at different points in time." In this paper we examine the temporal reliability of CV estimates. Our findings, using a CV instrument designed to measure willingness to pay for a program to protect Prince William Sound, Alaska, from future oil spills, exhibited no significant sensitivity to the timing of the interviews.

Original language	English (US)
Pages (from-to)	151-163
Number of pages	13
Journal	Land Economics
Volume	73
Issue number	2
DOIs	https://doi.org/10.2307/3147279
State	Published - May 1997
Externally published	Yes

ASJC Scopus subject areas

Environmental Science (miscellaneous)
Economics and Econometrics

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title = "Temporal reliability of estimates from contingent valuation",

abstract = "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 panel recommended that {"}time dependent measurement noise should be reduced by averaging across independently drawn samples taken at different points in time.{"} In this paper we examine the temporal reliability of CV estimates. Our findings, using a CV instrument designed to measure willingness to pay for a program to protect Prince William Sound, Alaska, from future oil spills, exhibited no significant sensitivity to the timing of the interviews.",

author = "Carson, {Richard T.} and Hanemann, {W. Michael} and Kopp, {Raymond J.} and Krosnick, {Jon A.} and Mitchell, {Robert C.} and Stanley Presser and Ruud, {Paul A.} and Smith, {V. Kerry} and Michael Conaway and Kerry Martin",

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AU - Carson, Richard T.

AU - Hanemann, W. Michael

AU - Kopp, Raymond J.

AU - Krosnick, Jon A.

AU - Mitchell, Robert C.

AU - Presser, Stanley

AU - Ruud, Paul A.

AU - Smith, V. Kerry

AU - Conaway, Michael

AU - Martin, Kerry

PY - 1997/5

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AB - 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 panel recommended that "time dependent measurement noise should be reduced by averaging across independently drawn samples taken at different points in time." In this paper we examine the temporal reliability of CV estimates. Our findings, using a CV instrument designed to measure willingness to pay for a program to protect Prince William Sound, Alaska, from future oil spills, exhibited no significant sensitivity to the timing of the interviews.

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Temporal reliability of estimates from contingent valuation

Abstract

ASJC Scopus subject areas

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