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The contingent valuation method is a stated preference approach to environmental valuation.
We adopt a stated preference approach to design choice scenarios and evaluate the effects of airport operating strategy.
A stated preference approach was also used successfully in a recent study examining the effects of different forms of tax relief on charitable giving [ 23].
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Since landscapes are complex environmental goods, we utilize and compare a multiple contingent valuation (CV) approach with the stated preference approach of contingent ranking.
In the environmental economics literature the stated preference approach has come to be known as "contingent valuation" as the "valuation" estimated obtained from preference information given the respondent is said to be "contingent" on the details of the "constructed market" for the environmental good put forth in the survey.
This "stated preference" approach, attributed to Davis (1963), is most commonly applied and known from contingent valuation, the subject of thousands of published papers.
Consistent with past research that uses hypothetical questions, we must be cognizant that the stated preference approach can suffer from bias.
In recent yearsthere is a growing interest in using stated preference approaches which specificallyemploy choice experiments as real choice data in actual market are hardly available.Whenever available, however, revealed preference data have obvious advantages overstated preference data.
This paper presents an application of a stated preference valuation approach aimed at evaluating the social preferences of the population of the Basque Country, Spain, for the key attributes of a regional Natura 2000 network site.
The reliability of stated preference approaches have been debated at length in the environmental economics literature.
The advantage of stated preference approaches is their ability to directly elicit the information that is required.
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