The Context for substitutes in CVM studies

Document Type

Article

Publication Date

11-1995

Publication Title

Journal of Environmental Economics and Management

Publisher

Elsevier

Volume

29

Issue

3

Abstract

The purpose of this paper is to report results from a set of experiments that provide data to test the NOAA [13] Panel recommendation that subjects be reminded of budgetary substitutes when providing values. The results suggest that simply reminding subjects of alternative environmental goods does not affect the distribution of values for a specific good. Such values are affected, however, whenever subjects simultaneously value alternative goods.

Disciplines

Social and Behavioral Sciences

Language

English

UNLV article access

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