Environmental Economics

Valuing Nonmarket Goods Through Contingent Markets

This paper estimates the extent and significance of three biases associated with contingent market analysis - strategic bias, information bias, and interviewer bias. The contingent market analyzed is that for improved water quality. The values households place on improved water quality are obtained from a random sample of almost 2000 households in the Washington, DC metropolitan reach of the Potomac River. Thus, the analysis also provides information necessary to select the optimal level of water quality.

  • Keywords

    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Contingent Valuation
    Environmental Media:
    b. Water
    b. Water - Surface
    Cronin, Francis J.
    EPA Project Officer/ Manager:
    Geographic Area:
    Study Purpose:
    Empirical Application, Methodology Development & Evaluation
    Inventory Record #: EE-0186
  • Participating Organizations

    Research Organization:

    Battelle Memorial Institute, Pacific Northwest LaboratoryAddress:
    City: State: ZIP:
    Phone: Fax:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
  • Report Details
    Number of Pages:
    Grant/Contract #:
    DE-AC06-76RLO 1830
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    Date Linked: 08/25/2017