Author: Carson Richard T.
Publisher: American Economic Association
ISSN: 0895-3309
Source: The Journal of Economic Perspectives, Vol.26, Iss.4, 2012-0, pp. : 27-42
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Abstract
A person may be willing to make an economic tradeoff to assure that a wilderness area or scenic resource is protected even if neither that person nor (perhaps) anyone else will actually visit this area. This tradeoff is commonly labeled “passive use value.” Contingent valuation studies ask questions that help to reveal the monetary tradeoff each person would make concerning the value of goods or services. Such surveys are a practical alternative approach for eliciting the value of public goods, including those with passive use considerations. First I discuss the
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