Skip to main content
SpringerLink
Log in

On Designing Constructed Markets in Valuation Surveys

  • Published:
Environmental and Resource Economics Aims and scope Submit manuscript

Abstract

In this paper I consider some of the methodological issues involvedin designing valid contingent valuation (CV) scenarios. I identifythe several parts of these scenarios and the design issues particularto those parts. Although my principal example is the scenario I andothers used in the Exxon Valdez oil spill study of the naturalresource damages to Prince William Sound, Alaska, I generalize toother types of CV scenarios.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  • Alberini, A., B. Kanninen and R. T. Carson (1997), ‘Modeling Response Incentives in Dichotomous Choice Contingent Valuation Data’, Land Economics 73, 309–324.

    Article  Google Scholar 

  • Alreck, P. L. and R. B. Settle (1995), The Survey Research Handbook. New York: Irwin.

    Google Scholar 

  • Arrow, K., R. Solow, P. R. Portney, E. E. Leamer, R. Radner and H. Schuman (1993), ‘Report of the NOAA Panel on Contingent Valuation’, Federal Register 58, 4601–4614.

    Google Scholar 

  • Carson, R. T., M. B. Conaway, W. M. Hanemann, J. A. Krosnick, K. Martin, D. R. McCubbin, R. Mitchell and S. Presser (1996), ‘The Value of Preventing Oil Spill Injuries to Natural Resources Along California's Central Coast’, Report to California Attorney General's Office.

  • Carson, R. T., N. E. Flores and W. M. Hanemann (1998), ‘Sequencing and Valuing Public Goods’, Journal of Environmental Economics and Management 36, 314–323.

    Article  Google Scholar 

  • Carson, R. T., N. E. Flores and N. F. Meade (2001), ‘Contingent Valuation: Controversies and Evidence’, Environmental and Resource Economics 19, 173–210.

    Article  Google Scholar 

  • Carson, R. T., T. Groves and M. Machina (1999), ‘Incentive and Informational Properties of Preferences Questions’, Plenary Address, European Association of Environmental and Resource Economists, Oslo, Norway.

    Google Scholar 

  • Carson, R. T., W.M. Hanemann, R. J. Kopp, J. A. Krosnick, R. C. Mitchell, S. Presser, P. A. Ruud and V. K. Smith (1994), Prospective Interim Lost Use Value Due to DDT and PCB Contamination in the Southern California Bight: Volumes 1 & 2. Report to the National Oceanic and Atmospheric Administration.

  • Carson, R. T. and R. C. Mitchell (1995), ‘Sequencing and Nesting in Contingent Valuation Surveys’, Journal of Environmental Economics and Management 28, 155–173.

    Article  Google Scholar 

  • Carson, R. T., R. C. Mitchell, W. M. Hanemann, R.J. Kopp, S. Presser and Paul A. Ruud (1992), A Contingent Valuation Study of Lost Passive Use Values Resulting from the Exxon Valdez Oil Spill. Report to the Attorney General of the State of Alaska.

  • Conrad, F., J. Blair and E. Tracy (1999), ‘Verbal Reports are Data Too!: A Theoretical Approach to Cognitive Interviews’, Report, Survey Research Center, University of Maryland.

  • Hippler, H. J. (1987), ‘Response Effects in Surveys’, in H. J. Hippler, N. Schwarz and S. Sudman, Social Information Processing and Survey Methodology. New York: Springer-Verlag.

    Google Scholar 

  • Howe, C. W. and M. G. Smith (1994), ‘The Value of Water Supply Reliability in Urban Water Systems’, Journal of Environmental Economics and Management 26, 19–30.

    Article  Google Scholar 

  • Krueger, R. A. and M. A. Casey (2000), Focus Groups: A Practical Guide for Applied Research, 3rd edn. Thousand Oaks, CA: Sage Publications.

    Google Scholar 

  • Louviere, J. J., D. A. Hensher and J. D. Swait (2000), Stated Choice Methods: Analysis and Application. Cambridge, UK: Cambridge University Press.

    Google Scholar 

  • National Institute for Literacy (2002), ‘National Adult Literacy In the 1992 National Adult Literacy Survey’, http://www.nifl.gov/nifl/facts/facts_overview.html.

  • Mitchell, R. C. and R. T. Carson (forthcoming), ‘Public Preferences Toward Risk: The Case of Trihalomethanes’, in A. Alberini, D. Bjornstad and J. R. Kahn, eds., Handbook of Contingent Valuation. Northhampton, MA: Edward Elgar.

  • Mitchell, R. C. and R. T. Carson (1989a), Using Surveys to Value Public Goods: The Contingent Valuation Method. Baltimore: John Hopkins University Press.

    Google Scholar 

  • Mitchell, R. C. and R. T. Carson (1989b), ‘Existence Values for Groundwater Protection’, Report to the Office of Policy Analysis, U.S. Environmental Protection Agency.

  • Morgan, D. L. (1997), Focus Groups as Qualitative Research, 2nd edn. Thousand Oaks, CA: Sage Publications.

    Google Scholar 

  • Royce A. S., Jr. and B. C. Straits (1999), Approaches to Social Research, 3rd edn. New York: Oxford University Press.

    Google Scholar 

  • Tanur, J., ed. (1992), Questions About Questions: Inquiries into the Cognitive Bases of Surveys. New York: Russell Sage Foundation.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Graduate School of Geography, Clark University, Worcester, MA, 01610, USA

    Robert Cameron Mitchell

Authors
  1. Robert Cameron Mitchell
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Mitchell, R.C. On Designing Constructed Markets in Valuation Surveys. Environ Resource Econ 22, 297–321 (2002). https://doi.org/10.1023/A:1015571100238

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1023/A:1015571100238

Search

Navigation