Eliciting the Public's Budgetary Preferences: Insights from Contingent Valuation

  • Brubaker E
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Abstract

Contingent valuation studies can provide useful insights for designers and users of surveys eliciting the public's comprehensive budgetary preferences. Such studies attempt to elicit the public's monetary valuations of specific nontraded goods to support decisions of managers in the public sector. Although controversial, these surveys provide much useful methodological analysis and evidence relevant to avoiding bias and unreliability of surveys intended to elicit more general budgetary preferences. Significantly refined over the past several decades, the underlying methodology shows substantial promise for further development. Collaboration of specialists knowledgeable about public budgeting and finance with specialists in economics, survey methods, and market research could contribute greatly to designing, implementing, and evaluating surveys of the citizenry's public budgetary preferences. ABSTRACT FROM AUTHOR Copyright of Public Budgeting & Finance is the property of Blackwell Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts)

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Authors

  • Earl R. Brubaker

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