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'I didn't count "willingness to pay" as part of the value': Monetary valuation through respondents' perspectives
Uppsala Univ, Inst Housing & Urban Res, Tradgardsgatan 18,Box 514, SE-75120 Uppsala, Sweden.;Uppsala Univ, Dept Econ Hist, Uppsala, Sweden..
KTH, School of Architecture and the Built Environment (ABE), Sustainable development, Environmental science and Engineering, Water and Environmental Engineering.ORCID iD: 0000-0002-9330-4868
Royal Swedish Acad Sci, Beijer Inst Ecol Econ, S-10405 Stockholm, Sweden.;Stockholm Univ, Stockholm Resilience Ctr, Stockholm, Sweden..
KTH, School of Architecture and the Built Environment (ABE), Sustainable development, Environmental science and Engineering.ORCID iD: 0000-0003-3101-5902
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2024 (English)In: Environmental Values, ISSN 0963-2719, E-ISSN 1752-7015, Vol. 33, no 2, p. 163-188Article in journal (Refereed) Published
Abstract [en]

A frequent justification in the literature for using stated preference methods (SP) is that they are the only methods that can capture the so-called total economic value (TEV) of environmental changes to society. Based on follow-up interviews with SP survey respondents, this paper addresses the implications of that argument by shedding light on the construction of TEV, through respondents' perspective. It illuminates the deficiencies of willingness to pay (WTP) as a measure of value presented as three aggregated themes considering respondents' unintentionality, their retraction once they understood that their WTP could be decisive in cost-benefit analysis and the inherent incompleteness of WTP. We discuss why the TEV discourse persists, how it conceals rather than reveals broader notions of value and in what ways our results support the development of alternative approaches that truly endorse plurality in environmental valuation and decision-making.

Place, publisher, year, edition, pages
SAGE Publications , 2024. Vol. 33, no 2, p. 163-188
Keywords [en]
CBA, non-use values, non-market valuation, neoclassical economics, ecological economics, deliberation, qualitative research, ethics, performativity
National Category
Economics
Identifiers
URN: urn:nbn:se:kth:diva-346326DOI: 10.1177/09632719241231509ISI: 001205570000002OAI: oai:DiVA.org:kth-346326DiVA, id: diva2:1857296
Note

QC 20240513

Available from: 2024-05-13 Created: 2024-05-13 Last updated: 2024-05-13Bibliographically approved

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Håkansson, CeciliaGunnarsson-Östling, Ulrika

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