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Author Frör, Oliver.

Title Rationality concepts in environmental valuation / Oliver Frör.

Imprint Frankfurt am Main ; New York : Peter Lang, 2007.

Copies

Location Call No. OPAC Message Status
 Axe JSTOR Open Ebooks  Electronic Book    ---  Available
Description 1 online resource (xvi, 239 pages) : illustrations
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series Hohenheimer volkswirtschaftliche Schriften, 0721-3085 ; Bd. 58
Hohenheimer volkswirtschaftliche Schriften ; Bd. 58. 0721-3085
Note Originally presented as the author's thesis (doctoral)--University of Hohenheim, 2007.
Contents Introduction -- Environmental valuation -- Rationality in economics -- Bounded rationality in environmental valuation -- Summary and conclusions.
Bibliography Includes bibliographical references (pages 191-209).
Note Print version record.
Access Use copy Restrictions unspecified star MiAaHDL
Reproduction Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2014. MiAaHDL
System Details Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
Processing Action digitized 2014 HathiTrust Digital Library committed to preserve pda MiAaHDL
Summary Survey based valuation techniques like the Contingent Valuation Method (CVM) rely particularly on the premise of respondents' rationality when answering willingness to pay (WTP) questions. Results of CVM surveys have repeatedly put this fundamental assumption into question. This study adopts a more realistic view of rationality accounting for respondents' limited capacities to process information. Based on cognitive psychology a technique to detect and analyze the bounds of rationality inherent in WTP statements is developed. Using an empirical example, the influence of bounded rationality on the validity of CVM results is analyzed. It is shown that individual differences in information processing play a major role. From these results recommendations for future survey design are developed.
Subject Environmental economics.
Environmental protection -- Economic aspects.
Économie de l'environnement.
Environnement -- Protection -- Aspect économique.
Environmental economics
Environmental protection -- Economic aspects
Contingent Valuation -- Umweltbilanz.
Umweltbilanz -- Contingent Valuation.
Other Form: Print version: Frör, Oliver. Rationality concepts in environmental valuation. Frankfurt am Main ; New York : Peter Lang, 2007 (DLC) 2008384834 (OCoLC)182731892
ISBN 9783631755150 (electronic bk.)
3631755155 (electronic bk.)
9783631573365 (pbk.)
3631573367 (pbk.)

 
    
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