Willingness to accept (WTA) is usually substantially higher than willingness to pay (WTP).
These constructs have been studied for roughly 30 years and with a wide variety of goods …

Value estimates for environmental goods can be obtained by either estimating preference
parameters as “revealed” through behavior related to some aspect of the amenity or using …

Contrary to theoretical expectations, measures of willingness to accept greatly exceed
measures of willingness to pay. This paper reports several experiments that demonstrate …

Aside from possible income effects, measures of the maximum amounts people will pay to
avoid a loss and the minimum compensation necessary for them to accept it are generally …

This paper presents the findings of a study designed to determine the national benefits of
freshwater pollution control. By using data from a national contingent valuation survey, we …

This paper reviews the principal policy-related issues for which the professions of ecology
and economics provide conflicting prescriptions. Emphasis is placed on the work of the …

Stated preference elicitation methods collect data on consumers by" just asking" about
tastes, perceptions, valuations, attitudes, motivations, life satisfactions, and/or intended …

Wilderness resource economics has tradi-tionally focused on the benefits and costs of
recreation use. Several studies have esti-mated aspects of the demand for wilderness …

This study uses a split-sample, dichotomous choice contingent valuation survey of 1574 US
residents to explore willingness to pay (WTP) for renewable energy under collective and …

Standard economic concepts are used to develop a model of individual behavior when
subject to the constraints of the contingent valuation choice context. The model yields …