Improving Validity Experiments of Contingent Valuation Methods: Results of Efforts to Reduce the Disparity of Hypothetical and Actual Willingness to Pay

1996 ◽  
Vol 72 (4) ◽  
pp. 450 ◽  
Author(s):  
John Loomis ◽  
Thomas Brown ◽  
Beatrice Lucero ◽  
George Peterson
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Valuation Methods ◽  
Contingent Valuation Methods

scholarly journals Ethical Preferences and the Assessment of Existence Values: Does the Neoclassical Model Fit?

1986 ◽  
Vol 15 (2) ◽  
pp. 145-150 ◽  
Author(s):  
Steven F. Edwards
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Model Fit ◽  
Neoclassical Model ◽  
Valuation Methods ◽  
Ethical Commitment ◽  
Existence Values ◽  
Preference Structures ◽  
Contingent Valuation Methods

Some of the implications of ethical preferences for traditional welfare analyses of existence values are discussed in this paper and illustrated with a lexicographic model for preference structures. Although willingness-to-pay and willingness-to-sell are well-defined, their connection with Hicksian surpluses is lost when a person is motivated by an ethical commitment to others’ welfare. Researchers need to expand contingent valuation methods to collect information on underlying motives and types of preferences in order to identify respondents who fit the neoclassical model of egoistic man.

scholarly journals Economic Valuation of Tourism Attraction of Jatijajar Cave in Kebumen Regency

JEJAK ◽  
2018 ◽  
Vol 11 (1) ◽  
pp. 12-28
Author(s):  
Indah Susilowati ◽  
Angga Ferdinan Syah ◽  
Suharno Suharno ◽  
Jaka Aminata
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Economic Valuation ◽  
Primary Data ◽  
Purposive Sampling ◽  
Valuation Methods ◽  
Multistage Sampling ◽  
Contingent Valuation Methods

The research aims at estimating the level of Willingness to Pay of the tourists for the Tourism Attraction of Jatijajar Cave in Kebumen Regency. The primary data is obtained from 105 respondents by using the Multistage Sampling and five key persons by using the Purposive Sampling. The characteristics of respondents show that some of the tourists are male, around 21 to 30 years old. The result of Contingent Valuation Methods shows that the WTP of the tourists of Jatijajar Cave has the average about Rp 17,000.00 and the total value of WTP is about Rp 5,231,410,000.00. The novelty in this research is using Contingent Valuation Methods approach to educate the visitors through the hypothetical-market that has been built by two scenarios of willingness to pay for the visitors at Jatijajar Cave tourism attraction as a compensation for the development of tourism attraction.

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