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Some Empirical Evidence on Embedding Effects in Contingent Valuation of Forest Protection
journal contribution
posted on 2023-05-16, 16:29 authored by Loomis, J, Michael LockwoodMichael Lockwood, DeLacy, TWe 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.
History
Publication title
Journal of Environmental Economics and ManagementVolume
25Pagination
45-55ISSN
0095-0696Department/School
School of Geography, Planning and Spatial SciencesPublisher
Academic Press, IncPlace of publication
New York and LondonRepository Status
- Restricted