Economic valuation of nonmarket goods and services
Books
Champ, Patricia A., Kevin Boyle, and Thomas C. Brown, editors. 2017. A Primer on Nonmarket Valuation, 2nd edition. Springer, 504 pages.
Champ, Patricia A., Kevin Boyle, and Thomas C. Brown, editors. 2003. A Primer on Nonmarket Valuation. Kluwer Academic Press, Boston, 576 pages. Data sets for use with the chapters.
Reliability and Validity of Nonmarket Valuation Approaches
In terms of the environment, public goods include such things as spectacular views, ecosystem protection, and species preservation. Efficient provision public goods relies on reliable and valid assessments of the value that people place on those goods. Established markets provide at best only rough indications of such values, which has led to the development of stated preference valuation methods. The studies reported in the following papers were performed to help improve stated preference methods for estimating the values of public goods
Morrison, Mark and Thomas C. Brown. 2009. Testing the Effectiveness of Certainty Scales, Cheap Talk, and Dissonance-Minimization in Reducing Hypothetical Bias in Contingent Valuation Studies. Environmental Resource Economics. 44:307–326.
Ajzen, Icek, Thomas C. Brown, and Franklin Carvajal. 2004. Explaining the discrepancy between intentions and actions: The case of hypothetical bias in contingent valuation. Personality and Social Psychology Bulletin 30(9): 1108-1121.
Brown, Thomas C., Icek Ajzen, and Daniel Hrubes. 2003. Further tests of entreaties to avoid hypothetical bias in referendum contingent valuation. Journal of Environmental Economics and Management. 46(2):353-361.
Champ, Patricia A., Nicholas E. Flores, Thomas C. Brown, and James Chivers. 2002. Contingent Valuation and Incentives. Land Economics 78(4): 591-604.
Ajzen, Icek, Lori H. Rosenthal, and Thomas C. Brown. 2000. Effects of Perceived Fairness on Willingness to Pay. Journal of Applied Social Psychology 30(12): 2439-2450.
Loomis, John, Kerri Traynor, and Thomas Brown. 1999. Trichotomous Choice: A Possible Solution to Dual Response Objectives in Dichotomous Choice Contingent Valuation Questions. Journal of Agricultural and Resource Economics 24(2):572-583.
Peterson, George L., and Thomas C. Brown. 1998. Economic Valuation by the Method of Paired Comparison, with Emphasis on Tests of the Transitivity Axiom. Land Economics 74(2):240-261.
Champ, P.A., R.C. Bishop, T.C. Brown, and D.W. McCollum. 1997. Using Donation Mechanisms to Value Nonuse Benefits from Public Goods. Journal of Environmental Economics and Management 33(2):151-162.
Loomis, John B.; Thomas C. Brown; Beatrice Lucero; and George L. Peterson. 1997. Evaluating the Validity of the Dichotomous Choice Question Format in Contingent Valuation. Environmental and Resource Economics 10:109-123.
Loomis, John, Thomas Brown, Beatrice Lucero, and George Peterson. 1996. Improving Validity Experiments of Contingent Valuation Methods: Results of Efforts to Reduce the Disparity of Hypothetical and Actual Willingness to Pay. Land Economics. 72(4):450-461.
Brown, Thomas C., Patricia A. Champ, Richard C. Bishop, and Daniel W. McCollum. 1996. Which Response Format Reveals the Truth about Donations to a Public Good? Land Economics 72(2):152-166.
Gregory, Robin, Sara Lichtenstein, Thomas C. Brown, George Peterson, and Paul Slovic. 1995. How Precise Are Monetary Representations of Environmental Improvements? Land Economics 71(4):462-473.
Brown, Thomas C., and John W. Duffield. 1995. Testing Part-Whole Valuation Effects in Contingent Valuation of Instream Flow Protection. Water Resources Research 31(9):2341-2352.
Ajzen, Icek, Thomas C. Brown, and Lori H. Rosenthal. 1995. Information Bias in Contingent Valuation: Effects of Personal Relevance, Quality of Information, and Motivational Orientation. Journal of Environmental Economics and Management 30:43-57.
Brown, Thomas C., Susan C. Barro, Michael J. Manfredo, and George L. Peterson. 1995. Does better information about the good avoid the embedding effect? Journal of Environmental Management 44:1-10.
Brown, Thomas. C. 1993. Measuring nonuse value: a comparison of recent contingent valuation studies. In Benefits and Costs in natural resource planning, fifth interim report, W-133. University of Georgia, pp. 163-203.