An Introduction to the Contingent Valuation Method of Cultural Goods and Services

Richard Epstein, James Parker Hall Distinguished Service Professor, UC Law School

Readings:

• "The Revenge of the Redwoods? Reconsidering Property Rights and the Economic Allocation of Natural Resources" by Daniel S. Levy and David Freidman. The University of Chicago Law Review; Chicago; Spring 1994.
• "Contingent Valuation: Is Some Number Better than No Number?" by Peter A. Diamond and Jerry A. Housman. The Journal of economic perspectives: a journal of the American Economic Association. 8, no. 4, (Fall 1994): 45.
• "The contingent valuation debate: Why economists should care" by Paul R. Portney. The Journal of economic perspectives: a journal of the American Economic Association. 8, no. 4, (Fall 1994): 3.
• "Valuing the environment through contingent valuation" by Michael W. Haneman The Journal of economic perspectives: a journal of the American Economic Association. 8, no. 4, (Fall 1994).