Rationality Concepts in Environmental Valuation

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...

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Main Author: Frör, Oliver (auth)
Format: Book Chapter
Published: Bern Peter Lang International Academic Publishing Group 2018
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