API PUBL 316-1995

$39.00

Identifying and Measuring Nonuse Values for Natural and Environmental Resources: A Critical Review of the State of the Art

Published By	Publication Date	Number of Pages
API	1995	132

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Description

The purpose of this study is to review the state of the art for identifying nonuse values for natural and environmental resources and for measuring them with the Contingent Valuation Method (CVM). The intent is to move beyond the taxonomic survey of potential biases which is found in a number of existing works such as Cummings, Brookshire and Schulze [1986] and Mitchell and Carson [1989]. We attempt to keep attention sharply focused on a set of basic issues which, in our view, should be at the core of contemporary debate concerning nonuse values and the CVM. These issues are: the theoretical foundation of nonuse values; the conditions under which nonuse values can be measured; the theoretical foundation of the CVM; and the extent to which responses to “willingness to pay” questions posed in applications of the CVM can be interpreted as values that represent a real economic commitment.

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