Which of the following does not represent a potential issue when using the contingent valuation method?
A) Precise explanation of environmental attribute being valued.
B) Possibility of respondents ignoring income constraint and ignoring availability of
substitutes of goods being valued.
C) Possibility of respondents misstating their willingness to pay.
D) Inappropriate for estimating non-use value of resources.

Question

Which of the following does not represent a potential issue when using the contingent valuation method?
A) Precise explanation of environmental attribute being valued.
B) Possibility of respondents ignoring income constraint and ignoring availability of
 substitutes of goods being valued.
C) Possibility of respondents misstating their willingness to pay.
D) Inappropriate for estimating non-use value of resources.

Quizplus · Accepted Answer

The contingent valuation method is appropriate for estimating non-use value of resources. The other options listed are potential issues when using the method. Option A highlights the importance of a precise explanation of the environmental attribute being valued. Option B notes the possibility of respondents ignoring income constraint and availability of substitutes. Option C highlights the possibility of respondents misstating their willingness to pay.

Which of the Following Does Not Represent a Potential Issue