Environmental Values 9(2000): 453-479. doi: 10.3197/096327100129342155
Contingent valuation of the environment has proven popular amongst environmental economists in recent years and has increased the role of monetary valuation in public policy. However, the underlying economic model of human psychology fails to explain why certain types of stated behaviour are observed. Thus, good scope exists for interdisciplinary research in the area of economics and psychology with regard to environmental valuation. A critical review is presented here of some recent research by social psychologists in the US attempting to explain stated behaviour in contingent valuation. Attitudinal scales have been used to analyse the role of ecocentric, biocentric and altruistic motives for giving. However, the research is shown to draw some potentially misleading conclusions and be unrepresentative of contingent valuation. Two recent economic studies using contingent valuation are then reported and shown to have identified non-economic motives for WTP. The complexity of value formation and expression is found to go far beyond that generally accepted by economic models. Greater consideration of the role played by attitudes and ethical considerations then becomes relevant to the interpretation of results being used in standard cost-benefit analysis and environmental policy.
KEYWORDS: Attitudes, behaviour, contribution model, contingent valuation, environmental ethics, rights, social psychology
REFERENCES to other articles in Environmental Values:
Environmental Valuation: Some Problems of Wrong Questions and Misleading Answers. Jack L. Knetsch
Humans Valuing Nature: Synthesising Insights from Philosophy, Psychology and Economics. Michael Lockwood
CITATIONS in other Environmental Values articles:
Exchange Relationships and the Environment: The Acceptability of Compensation in the Siting of Waste Disposal Facilities. Edmundo Claro
Contingent Valuation: Comparing Participant Performance in Group-Based Approaches and Personal Interviews. Nele Lienhoop and Douglas C. MacMillan
How Much is that Ecosystem in the Window? The One with the Bio-diverse Trail. Clive L. Spash
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