Measuring Non-Use Values: Theory and Empirical Applications

In keeping with our assignment, this paper will focus on measurement. We will devote far less time to the microeconomic theory of non-use values than many readers might expect. Non-use values are now well entrenched in the theory of the consumer (Krutilla 1967; Randall and Stoll 1983; Madariaga and McConnell 1987; Boyle and Bishop 1987; Smith 1987; Bishop and Welsh 1992; Freeman 1993). We shall want to briefly review the theory as a foundation for what will follow, but need not dwell on it at length. The central focus will instead be on measurement.

[1]  V. Smith,et al.  Nonuse values in benefit cost analysis. , 1987 .

[2]  Jerry A. Hausman,et al.  Contingent valuation : a critical assessment , 1993 .

[3]  Baruch Fischhoff,et al.  Measuring values: A conceptual framework for interpreting transactions with special reference to contingent valuation of visibility , 1988 .

[4]  Kevin J. Boyle,et al.  Measuring Natural Resource Damages with Contingent Valuation: Tests of Validity and Reliability , 1993 .

[5]  Michael P. Welsh,et al.  Existence Values in Benefit-Cost Analysis and Damage Assessment , 1992 .

[6]  Mark Dickie,et al.  Market Transactions and Hypothetical Demand Data: A Comparative Study , 1987 .

[7]  B. Swallow,et al.  Evaluating willingness to contribute to a local public good: Application of contingent valuation to tsetse control in Ethiopia , 1994 .

[8]  Jon Strand,et al.  Willingness to pay for environmental goods in Norway: A contingent valuation study with real payment , 1990 .

[9]  Alan Randall,et al.  A satisfactory benefit cost indicator from contingent valuation , 1987 .

[10]  Robert Cameron Mitchell,et al.  Using Surveys to Value Public Goods: The Contingent Valuation Method , 1989 .

[11]  William D. Schulze,et al.  The Disparity Between Willingness to Accept and Willingness to Pay Measures of Value , 1987 .

[12]  Richard C. Bishop,et al.  Measuring Values of Extramarket Goods: Are Indirect Measures Biased? , 1979 .

[13]  Richard T. Carson,et al.  Contingent Valuation and Revealed Preference Methodologies: Comparing the Estimates for Quasi-Public Goods , 1995 .

[14]  P. Shapiro,et al.  Private Preference for Collective Goods Revealed Through Voting on Referenda , 1975 .

[15]  Daniel McFadden,et al.  Contingent Valuation and Social Choice , 1994 .

[16]  R. Rowe,et al.  Managing Air Quality And Scenic Resources At National Parks And Wilderness Areas , 1982 .

[17]  Mary Jo Kealy,et al.  Reliability and predictive validity of contingent values: Does the nature of the good matter? , 1990 .

[18]  James D. Wright,et al.  Handbook of Survey Research. , 1985 .

[19]  K. McConnell,et al.  Exploring existence value , 1987 .

[20]  Richard C. Bishop,et al.  Valuing wildlife in benefit‐cost analyses: A case study involving endangered species , 1987 .

[21]  Daniel Kahneman,et al.  Valuing public goods: The purchase of moral satisfaction , 1992 .

[22]  Helen R. Neill,et al.  Hypothetical Surveys and Real Economic Commitments , 1994 .

[23]  A. Freeman,et al.  The measurement of environmental and resource values , 1992 .

[24]  Peter Bohm,et al.  Estimating the demand for public goods: An experiment , 1972 .