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Valuation of Multiple Environmental Programs

Publication ,  Journal Article
Payne, JW; Schkade, DA; Desvousges, WH; Aultman, C
Published in: Journal of Risk and Uncertainty
January 1, 2000

We examined sequence effects on willingness-to-pay (WTP) when people evaluate a series of environmental goods. Each respondent evaluated five different environmental goods using WTP and four evaluative attitude ratings. There was a strong sequence effect: WTP was much larger for the first good than for goods evaluated afterward. Also, total WTP for the bundle of five goods depended on which good was evaluated first: the more highly valued the first good, the higher the total WTP for the bundle. The attitude ratings are shown to be more statistically efficient than WTP in measuring the relative importance of different environmental goods.

Duke Scholars

Published In

Journal of Risk and Uncertainty

DOI

ISSN

0895-5646

Publication Date

January 1, 2000

Volume

21

Issue

1

Start / End Page

95 / 115

Related Subject Headings

  • Economics
  • 3802 Econometrics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1502 Banking, Finance and Investment
  • 1402 Applied Economics
 

Citation

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Payne, J. W., Schkade, D. A., Desvousges, W. H., & Aultman, C. (2000). Valuation of Multiple Environmental Programs. Journal of Risk and Uncertainty, 21(1), 95–115. https://doi.org/10.1023/A:1026573527618
Payne, J. W., D. A. Schkade, W. H. Desvousges, and C. Aultman. “Valuation of Multiple Environmental Programs.” Journal of Risk and Uncertainty 21, no. 1 (January 1, 2000): 95–115. https://doi.org/10.1023/A:1026573527618.
Payne JW, Schkade DA, Desvousges WH, Aultman C. Valuation of Multiple Environmental Programs. Journal of Risk and Uncertainty. 2000 Jan 1;21(1):95–115.
Payne, J. W., et al. “Valuation of Multiple Environmental Programs.” Journal of Risk and Uncertainty, vol. 21, no. 1, Jan. 2000, pp. 95–115. Scopus, doi:10.1023/A:1026573527618.
Payne JW, Schkade DA, Desvousges WH, Aultman C. Valuation of Multiple Environmental Programs. Journal of Risk and Uncertainty. 2000 Jan 1;21(1):95–115.
Journal cover image

Published In

Journal of Risk and Uncertainty

DOI

ISSN

0895-5646

Publication Date

January 1, 2000

Volume

21

Issue

1

Start / End Page

95 / 115

Related Subject Headings

  • Economics
  • 3802 Econometrics
  • 3801 Applied economics
  • 3502 Banking, finance and investment
  • 1502 Banking, Finance and Investment
  • 1402 Applied Economics