THE IMPACT OF INFORMATION ON ENVIRONMENTAL COMMODITY VALUATION DECISIONS

被引:81
作者
BERGSTROM, JC
STOLL, JR
RANDALL, A
机构
[1] TEXAS A&M UNIV SYST,DEPT AGR ECON,COLLEGE STN,TX 77843
[2] OHIO STATE UNIV,DEPT AGR ECON & RURAL SOCIOL,COLUMBUS,OH 43210
关键词
Consumer valuation; Contingent valuation; Environmental commodities; Information effects; Welfare measures;
D O I
10.2307/1243031
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
A conceptual model is developed which provides insight into how information affects willingness to pay for environmental commodities. A refutable hypothesis of the effects of a specific information type on the magnitude of willingness to pay for an environmental commodity is developed. This hypothesis is tested using a contingent valuation method experiment. Results indicate that information affects willingness to pay in a theoretically plausible manner. The results support the contention that information is important for accurate environmental commodity consumer valuations. © 1990 American Agricultural Economics Association.
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页码:614 / 621
页数:8
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