Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill

Authors: Carson R.T.¹; Mitchell R.C.²; Hanemann M.³; Kopp R.J.⁴; Presser S.⁵; Ruud P.A.³

Source: Environmental and Resource Economics, Volume 25, Number 3, July 2003 , pp. 257-286(30)

Publisher: Springer

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Abstract:

We report on the results of a large-scale contingent valuation (CV) study conducted after the Exxon Valdez oil spill to assess the harm caused by it. Among the issues considered are the design features of the CV survey, its administration to a national sample of U.S. households, estimation of household willingness to pay to prevent another Exxon Valdez type oil spill, and issues related to reliability and validity of the estimates obtained. Events influenced by the study's release are also briefly discussed.

Keywords: natural resource damage assessment

Language: English

Document Type: Research article

Affiliations: 1: University of California, San Diego, USA 2: Clark University, USA 3: University of California, Berkeley, USA 4: Resources for the Future, USA 5: University of Maryland, USA

Publication date: 2003-07-01