Environmental Economics

The Use of Contingent Valuation Data for Benefit/Cost Analysis in Water Pollution Control

In this report, researchers revised and summarized the methodology and findings of a national freshwater quality benefits study (referred to as NWBS and which was the subject of an earlier report (Mitchell and Carson, 1984--see reports listed above)) and presented further thinking on the nature of the benefits studied and on distributional issues. In Chapter 1, the researchers present a summary of this study's findings and which reflects their further thinking on issues such as the nature of the benefts whichc the study measured and which extends their original analysist to address such topics as the distribution of the benefits and costs of water pollution control.
In Chapter 2 they address the issue of how their national data might be used to value local freshwater quality changes. The researchers also described the technique they have developed for using national data to value local freshwater quality benefits and apply it to estimate the benefits of a change from boatable to fishable status in the Monongahela River system in Pennsylvania. They compared the results to a local contingent valuation (CV) study conducted by Desvousges, Smith and McGivney (DSM) and discussed the findings. Finally the researchers presented the results of an innovative CV study to value public goods in California. In that study, willingness to pay estimates were used to successfully predict the actual vote in a water bond referendum.

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Contingent Valuation
    1. Benefits Analysis - Valuation - Benefits Transfer
    Environmental Media:
    b. Water
    b. Water - Surface
    Authors:
    Mitchell, Robert Cameron
    Carson, Richard T.
    EPA Project Officer/ Manager:
    Caulkins, Peter
    Geographic Area:
    California, Pennsylvania, United States
    Study Purpose:
    Empirical Application, Methodology Development & Evaluation
    Report Series:
    Contingent Valuation of National Water Quality Improvments
    Inventory Record #: EE-0150
    List of all reports in the Series:
  • Participating Organizations

    Research Organization:

    Resources for the FutureAddress: 1616 P Street NW
    City: Washington State: DC ZIP: 20036
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and Evaluation, Office of Policy AnalysisAddress:
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    12/01/1986
    Number of Pages:
    115
    Comment:
    Grant/Contract #:
    CR 810224-02
  • How to Obtain Report


    Download report now
    Use link(s) to download or view the report

    Date Linked: 05/28/2009