A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill

Carson, R.T. and Mitchell, R.C. and Hanemann, W.M. and Kopp, R.J. and Presser, S. and Ruud, P.A. (1992): A Contingent Valuation Study of Lost Passive Use Values Resulting From the Exxon Valdez Oil Spill.

Abstract

We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study’s release are also briefly discussed.

• Item Type: MPRA Paper
• Language: English
• Keywords: contingent valuation, natural resource damage assessment
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q51 - Valuation of Environmental Effects; Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q54 - Climate ; Natural Disasters and Their Management ; Global Warming

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