- In 1993, the Province of British Columbia conducted a contingent valuation study to estimate the economic value of wilderness areas in BC. The report is posted on CourseSpaces in the same folder as this assignment. You shouald use the information in the report to answer the following questions, however, please don’t feel that you need to read the whole thing – you SHOULD read the executive summary and then focus on the sections identified below.
- Briefly describe/summarize the important features of the questionnaire. See section 2.1 [3 marks; Suggested length: 5 – 10 sentences]
- Briefly describe/summarize the main criticisms of contingent valuation. See section 1.6 [3 marks; Suggested length: 5 – 10 sentences]
- How do the authors address the criticisms you described in part b? See section 3.8 [3 marks; Suggested length: 5 – 10 sentences]
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