International Review of Environmental and Resource Economics > Vol 12 > Issue 2-3

Guidance for Deliberative Monetary Valuation Studies

Marije Schaafsma, University of Southampton, School of Geography and Environmental Science, UK, M.Schaafsma@soton.ac.uk Bartosz Bartkowski, Helmholtz Centre for Environmental Research — UFZ, Germany, Nele Lienhoop, Bochum University of Applied Sciences, Germany,
 
Suggested Citation
Marije Schaafsma, Bartosz Bartkowski and Nele Lienhoop (2018), "Guidance for Deliberative Monetary Valuation Studies", International Review of Environmental and Resource Economics: Vol. 12: No. 2-3, pp 267-323. http://dx.doi.org/10.1561/101.00000103

Published: 28 Nov 2018
© 2018 M. Schaafsma, B. Bartkowski and N. Lienhoop
 
Subjects
Environmental Economics,  Environmental Economics: Contingent Valuation,  Environmental Economics: Valuation
 
Keywords
JEL Codes: C93H41Q51Q57
Environmental valuationnon-market valuationstated preferencessurveyworkshops
 

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In this article:
1. Introduction
2. DMV Types and Theoretical Foundations
3. Recommendations for Conducting DMV Studies
4. Open Questions and Future Research Directions
Acknowledgements
References

Abstract

There is growing demand for more pluralistic valuation approaches, for which Deliberative Monetary Valuation (DMV) is suitable. Guidance is needed for valid and reliable DMV application, as exists for conventional willingness to pay studies using stated preference methods. The purpose of this paper is to develop a set of minimal requirements for study design and reporting aimed at DMV practitioners, based on the existing DMV literature as well as related social science literatures. The core contribution of our paper is the practical recommendations for DMV study design focusing on the deliberation process and elicitation format, analysis of the deliberation and willingness to pay results, and validity. We summarise reporting requirements for reliability, before offering conclusions and suggestions for promising future research directions.

DOI:10.1561/101.00000103