Scale-Perception Bias In The Valuation Of Environmental Risks

Publisher:
Routledge Journals, Taylor & Francis Ltd
Publication Type:
Journal Article
Citation:
Applied Economics, 2012, 44 (20), pp. 2607 - 2617
Issue Date:
2012-01
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The valuation of environmental risks is commonly approached with the utilization of stated preference methods such as contingent valuation. In these methods, money is utilized as the scale that reflects the individual's underlying utility function. Howev
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