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'I didn't count willingness to pay as part of the value': Monetary valuation through respondents' perspectives
Stockholm University, Faculty of Science, Stockholm Resilience Centre. The Royal Swedish Academy of Science, Sweden.ORCID iD: 0000-0003-4089-1509
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Number of Authors: 52024 (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
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
Environmental Sciences
Identifiers
URN: urn:nbn:se:su:diva-229007DOI: 10.1177/09632719241231509ISI: 001205570000002Scopus ID: 2-s2.0-105013034999OAI: oai:DiVA.org:su-229007DiVA, id: diva2:1856635
Available from: 2024-05-07 Created: 2024-05-07 Last updated: 2025-09-09Bibliographically approved

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Lindahl, Therese

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