Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill

Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill

Primary Country: United States
Ecosystem: multiple
Sample Value Estimates:
  1. $48 / household: Household willingness to pay to prevent another Exxon Valdez type oil spill in Alaska
  2. $28 billion: aggregate lost passive use value from the oil spill
Methodology: multiple
Region: Americas / Alaska
Data source: National Ocean Economics Program

Publication information

Carson, R. Mitchell, R.Hanemann, M.Kopp, R.Presser, S.Rudd, P. “Contingent Valuation and Lost Passive Use: Damages from the Exxon Valdez Oil Spill” Environmental and Resource Economics, 25, 257-286, 2003

Addtional Notes

contingent valuation, damage assessment model, referendum method

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