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Some Empirical Evidence on Embedding Effects in Contingent Valuation of Forest Protection

Citation

Loomis, J and Lockwood, M and DeLacy, T, Some Empirical Evidence on Embedding Effects in Contingent Valuation of Forest Protection, Journal of Environmental Economics and Management, 25, (1) pp. 45-55. ISSN 0095-0696 (1993) [Refereed Article]

DOI: doi:10.1006/jeem.1993.1025

Abstract

We test for an embedding effect on a geographically distributed public good and the extent to which improvements in the CVM design reduce the occurrence and magnitude of embedding effects in valuation. Using both open-ended and dichotomous choice CVM for protection of forests in all of southeastern Australia and two smaller portions of that area, we find the occurrence of embedding effects in only one of the two levels. When embedding effects were present, there was a reduction in value much smaller than that found by Kahneman and Knetsch. © 1993 Academic Press. All rights reserved.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Applied Economics
Research Field:Environment and Resource Economics
Objective Division:Environment
Objective Group:Other Environment
Objective Field:Environment not elsewhere classified
Author:Lockwood, M (Associate Professor Michael Lockwood)
ID Code:33835
Year Published:1993
Web of Science® Times Cited:36
Deposited By:Geography and Environmental Studies
Deposited On:2005-07-21
Last Modified:2011-11-04
Downloads:0

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