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Valuing a global environmental good: U.S. residents' willingness to pay to protect tropical rain forests

Publication ,  Journal Article
Kramer, RA; Mercer, DE
Published in: Land Economics
January 1, 1997

Although contingent valuation (CV) is the most common technique for valuing nonmarket environmental resources, rarely has it been applied to global environmental goods. This study uses CV in a national survey to assess the value U.S. residents place on tropical rain forest protection. On average, respondents were willing to make a one-time payment of approximately $21-31 per household to protect an additional 5 percent of tropical forests. Although respondents were able to give consistent responses across two different CV formats, focus groups were unwilling or unable to allocate their aggregate rainforest valuations across or among regions or specific rain forests.

Duke Scholars

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Published In

Land Economics

DOI

ISSN

0023-7639

Publication Date

January 1, 1997

Volume

73

Issue

2

Start / End Page

196 / 210

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
 

Citation

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Kramer, R. A., & Mercer, D. E. (1997). Valuing a global environmental good: U.S. residents' willingness to pay to protect tropical rain forests. Land Economics, 73(2), 196–210. https://doi.org/10.2307/3147282
Kramer, R. A., and D. E. Mercer. “Valuing a global environmental good: U.S. residents' willingness to pay to protect tropical rain forests.” Land Economics 73, no. 2 (January 1, 1997): 196–210. https://doi.org/10.2307/3147282.
Kramer, R. A., and D. E. Mercer. “Valuing a global environmental good: U.S. residents' willingness to pay to protect tropical rain forests.” Land Economics, vol. 73, no. 2, Jan. 1997, pp. 196–210. Scopus, doi:10.2307/3147282.
Journal cover image

Published In

Land Economics

DOI

ISSN

0023-7639

Publication Date

January 1, 1997

Volume

73

Issue

2

Start / End Page

196 / 210

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics