Valuing Environmental Preferences Theory and Practice of the Contingent Valuation Method in the US, EU, and Developing Countries

This is a comprehensive and up-to-date treatment of the Contingent Valuation Method (CVM) which asks what people would be willing to pay for an environmental good or attribute, or willing to accept for its loss. CVM is currently central to the assessment of environmental damage and has been the subject of considerable debate, especially in the case of the Exxon Valdez disaster in Alaska. Aimed at specialists, this book contains specially commissioned papers from both sides of that debate, as well as from commentators who see it as an interesting experimental tool regardless of the question of absolute validity of estimates.

Ian J. Bateman is Reader in Environmental Economics at the Centre for Social and Environmental Research on the Global Environment (CSERGE), in the School of Environmental Sciences at the University of East Anglia.
Kenneth G. Willis is Professor of Environmental Economics in the Department of Town and Country Planning at the University of Newcastle upon Tyne.