Rationality concepts in environmental valuation
Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents' rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a...
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| Format: | eBook |
| Language: | German |
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Frankfurt am Main
Peter Lang
2007, 2007
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| Series: | Hohenheimer volkswirtschaftliche Schriften
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| Subjects: | |
| Online Access: | |
| Collection: | JSTOR Open Access Books - Collection details see MPG.ReNa |
Table of Contents:
- Includes bibliographical references (pages 191-209)
- Introduction
- Environmental valuation
- Rationality in economics
- Bounded rationality in environmental valuation
- Summary and conclusions