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Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Coherent arbitrariness: on value uncertainty for environmental goods
Authors: Hanley, Nicholas
Kristrom, Bengt
Shogren, Jason F
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Keywords: CVM
Issue Date: 1-Feb-2009
Publisher: The University of Wisconsin Press
Citation: Hanley N, Kristrom B & Shogren JF (2009) Coherent arbitrariness: on value uncertainty for environmental goods, Land Economics, 85 (1), pp. 41-50.
Abstract: This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a "value gap," the difference between the most someone is sure they would pay for an increase in an environmental good, and the smallest amount they are sure they would not pay. We also present a simple means of calculating aggregate willingness to pay from data on the range of willingness to pay expressed via a payment ladder.(JEL Q51, Q58)
Type: Journal Article
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
Swedish University of Agricultural Sciences
University of Wyoming

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