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Is more information always better? : the effect of information on the validity of contingent valuations

Subtitle:
OIES paper: EV24
Abstract:

Within the framework of consumer’s surplus, a theory of Contingent Valuation (CV) is introduced which accommodates a cost-parameter for the good or policy to be valued. This theory is then used to discuss the validity of value estimates established by means of CV-instruments with different (cost-) information. Against the prevailing view that such instruments must contain a description of how the good to be valued is meant to be generated and how this generation is to be financed, it is argue...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
1997-01-01
URN:
uuid:cc4f32c8-8b9c-4089-b3de-dfa55e9a4cce
Local pid:
ora:10486
ISBN:
1901795020
Language:
English

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