Is more information always better? : the effect of information on the validity of contingent valuations
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-) i...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1997
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