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Paired comparison and contingent valuation approaches to morbidity risk valuation

Publication ,  Journal Article
Magat, WA; Kip Viscusi, W; Huber, J
Published in: Journal of Environmental Economics and Management
January 1, 1988

This research uses an experimental approach for eliciting consumer valuations of morbidity risk reductions associated with safter chemical products and introduces the paired comparison questions approach to non-market valuation. In four applications, the paired comparisons approach yields higher morbidity valuations than the more familiar contingent valuation approach. However, both methodologies produce large values of morbidity reduction benefits in comparison to estimates derived from wage hedonic studies. Explanations for the difference in the estimates and their magnitudes are suggested along with the public policy implications. © 1988.

Duke Scholars

Published In

Journal of Environmental Economics and Management

DOI

EISSN

1096-0449

ISSN

0095-0696

Publication Date

January 1, 1988

Volume

15

Issue

4

Start / End Page

395 / 411

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management
 

Citation

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Magat, W. A., Kip Viscusi, W., & Huber, J. (1988). Paired comparison and contingent valuation approaches to morbidity risk valuation. Journal of Environmental Economics and Management, 15(4), 395–411. https://doi.org/10.1016/0095-0696(88)90034-4
Magat, W. A., W. Kip Viscusi, and J. Huber. “Paired comparison and contingent valuation approaches to morbidity risk valuation.” Journal of Environmental Economics and Management 15, no. 4 (January 1, 1988): 395–411. https://doi.org/10.1016/0095-0696(88)90034-4.
Magat WA, Kip Viscusi W, Huber J. Paired comparison and contingent valuation approaches to morbidity risk valuation. Journal of Environmental Economics and Management. 1988 Jan 1;15(4):395–411.
Magat, W. A., et al. “Paired comparison and contingent valuation approaches to morbidity risk valuation.” Journal of Environmental Economics and Management, vol. 15, no. 4, Jan. 1988, pp. 395–411. Scopus, doi:10.1016/0095-0696(88)90034-4.
Magat WA, Kip Viscusi W, Huber J. Paired comparison and contingent valuation approaches to morbidity risk valuation. Journal of Environmental Economics and Management. 1988 Jan 1;15(4):395–411.
Journal cover image

Published In

Journal of Environmental Economics and Management

DOI

EISSN

1096-0449

ISSN

0095-0696

Publication Date

January 1, 1988

Volume

15

Issue

4

Start / End Page

395 / 411

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management