Scandinavian Working Papers in Economics

Memorandum,
Oslo University, Department of Economics

Comparing Contingent Valuation, Conjoint Analysis and Decision Panels: An Application to the Valuation of reduced Damage from Air Pollution in Norway.

B. Halvorsen, J. Strand, K. Saelensminde and F. Wenstop

Abstract: We discuss three state-preference approaches to eliciting willingness to pay (WTP) for environmental goods, namely open-ended contingent valuation (OE-CVM), conjoint analysis (CA) and multi-attribute utility theory applied to decision panels of experts (EDP).

Keywords: ENVIRONMENTAL POLICY; AIR POLLUTION

JEL-codes: Q20; Q25; Q28

27 pages, 1996

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