Reliability and predictive validity of contingent values: Does the nature of the good matter?

Because the contingent valuation mechanism (CVM) elicits verbal reports of maximum willingness to pay and not actual willingness to pay, analysts have expressed doubts about the reliability and validity of contingent values for commodities such as environmental amenities. This skepticism is usually...

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Veröffentlicht in:	Journal of environmental economics and management 1990-11, Vol.19 (3), p.244-263
Hauptverfasser:	Kealy, Mary Jo, Montgomery, Mark, Dovidio, John F.
Format:	Artikel
Sprache:	eng
Schlagworte:	Commodities Comparative studies Consumer behavior Economic models Economic theory Private Public good Reliability Statistical analysis Validity Valuation Value theory Willingness to pay
Online-Zugang:	Volltext
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