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RESPONDENTS TO CONTINGENT VALUATION SURVEYS: CONSUMERS OR CITIZENS?
Author(s) -
Blamey R.K.,
Common Mick S.,
Quiggin John C.
Publication year - 1995
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1995.tb00554.x
Subject(s) - contingent valuation , valuation (finance) , commission , wildlife , willingness to pay , interpretation (philosophy) , preference , marketing , business , economics , public economics , actuarial science , microeconomics , accounting , ecology , finance , computer science , programming language , biology
The fundamental assumption of the contingent valuation method (CYM) is that responses to CY questionnaires may be interpreted as expressions of consumer preferences. The consumer preference interpretation has been challenged in recent papers arguing that willingness to pay for wildlife preservation is generated, at least in part, by ethical concerns, rather than by a view that wildlife preservation will yield any benefit to individual respondents. Some further evidence bearing upon these questions is derived from a study of forest management in Australia undertaken by the Resource Assessment Commission (RAC). The evidence supports the interpretation that respondents are acting primarily as citizens.