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607477 
Journal Article 
Coherent Arbitrariness: On Value Uncertainty for Environmental Goods 
Hanley, N; Kriström, B; Shogren, JF 
2009 
1 
Land Economics
ISSN: 0023-7639
EISSN: 1543-8325 
85 
1 
41-50 
This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a "value gap," the difference between the most someone is sure they would pay for an increase in an environmental good, and the smallest amount they are sure they would not pay. We also present a simple means of calculating aggregate willingness to pay from data on the range of willingness to pay expressed via a payment ladder. ABSTRACT FROM AUTHOR Copyright of Land Economics is the property of University of Wisconsin Press 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) 
CONSUMER behavior; ECOLOGY; MANAGEMENT science; VALUE; COST; ECONOMICS