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Preference uncertainty in contingent valuation

Akter, Sonia; Bennett, Jeffrey; Akhter, Sanzida

Description

In this paper, the results of empirical studies that applied two widely used methods - numerical certainty scale (NCS) and polychotmous choice (PC) - for estimating preference uncertainty adjusted willingness to pay (WTP) in contingent valuation (CV), are summarized. For this review, a number of conclusions are reached. First, there is a lack of consensus about which method is more appropriate for measuring preference uncertainty. Second, although preference uncertainty information has been...[Show more]

CollectionsANU Research Publications
Date published: 2008
Type: Journal article
URI: http://hdl.handle.net/1885/53026
Source: Ecological Economics
DOI: 10.1016/j.ecolecon.2008.07.009

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