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How useful to decision-makers is contingent valuation of the environment

By: Blore, Ian.
Material type: materialTypeLabelArticlePublisher: 1996Description: p.215-32.Subject(s): Environmental planning policy - United States | Environmental planning policy In: Public Administration and DevelopmentSummary: Contingent valuation, as a method that attempts to estimate monetary values for public goods, excites passionate advocacy or resistance. This article summarizes and examines some of the criticisms of contingent valuation and concludes that its approach is essentially the same as any policy analytic method. It is argued that the language of contingent valuation needs radical reform for it to be readily accessible to practitioners, yet it does offer one escape from the lack of rigour of much of the environmental debate. Whatever the faults of contingent valuation methods, they do involve the public in a dialogue with `experts'. Any means that gives voice to the public in an age of public policy-making by managers, consultants, professional politicians, large firms and interest group leaders is at least an antidote to environmental managerialism. - Reproduced
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Articles Articles Indian Institute of Public Administration
Volume no: 16, Issue no: 3 Available AR32280

Contingent valuation, as a method that attempts to estimate monetary values for public goods, excites passionate advocacy or resistance. This article summarizes and examines some of the criticisms of contingent valuation and concludes that its approach is essentially the same as any policy analytic method. It is argued that the language of contingent valuation needs radical reform for it to be readily accessible to practitioners, yet it does offer one escape from the lack of rigour of much of the environmental debate. Whatever the faults of contingent valuation methods, they do involve the public in a dialogue with `experts'. Any means that gives voice to the public in an age of public policy-making by managers, consultants, professional politicians, large firms and interest group leaders is at least an antidote to environmental managerialism. - Reproduced

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