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Environmental Values

What is the Value of Rangitoto Island?

Dan Vadnjal and Martin O'Connor

Environmental Values 3(1994): 369-380. doi: 10.3197/096327194776679647

Contingent Valuation has been promoted as a catch-all approach to environmental valuation. While there have been numerous attempts in recent years to place monetary values on environmental amenities, studies have often reported a high frequency of protest, zero or inordinately large dollar-value responses. This paper reports on the results of a survey designed to obtain information on how people actually interpret questions of paying to avoid changes in their views of Rangitoto Island. Evidence suggests that the meaning respondents attach to the actual dollar values they offer or bid are inconsistent with the conventional logic that underlies Contingent Valuation. Instead, respondents might be seen to be expressing views about how things ought to be in society, and that it is simply not right to develop Rangitoto Island.


KEYWORDS: Contingent valuation, valuation, protest vote

CITATIONS in other Environmental Values articles:

Plural Values and Environmental Valuation. Wilfred Beckerman and Joanna Pasek

Conceptions of Value in Environmental Decision-Making John O'Neill and Clive L. Spash

The Indifference Curve, Motivation, and Morality in Contingent Valuation Rob Hart and Uwe Latacz-Lohmann

Realms of Value: Conflicting Natural Resource Values and Incommensurability. Sarah Fleisher Trainor

Natura economica in Environmental ValuationKatrine Soma



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