The context for substitutes in CVM studies: some empirical observations
HR Neill - Journal of Environmental Economics and Management, 1995 - Elsevier
The purpose of this paper is to report results from a set of experiments that provide data to
test the NOAA [13] Panel recommendation that subjects be reminded of budgetary
substitutes when providing values. The results suggest that simply reminding subjects of
alternative environmental goods does not affect the distribution of values for a specific good.
Such values are affected, however, whenever subjects simultaneously value alternative
goods.
test the NOAA [13] Panel recommendation that subjects be reminded of budgetary
substitutes when providing values. The results suggest that simply reminding subjects of
alternative environmental goods does not affect the distribution of values for a specific good.
Such values are affected, however, whenever subjects simultaneously value alternative
goods.