Values. What are values? Can be prices you pay in the market, can be your attitudes towards something. But how can we determine their relationship when there does not exist a market for that product?
Mainstream economists are more than familiar with the estimation of the values of non-marketed environmental goods. We got thousands of articles talking about the determination of values of different environmental goods; we got a long list of valuation techniques for us to make use of, too. Finally we got the numbers. But do we clearly understand how the 'numbers' are formed? Everyone in an introductory economics class can tell me the socioeconomics characteristics of the respondents (for Contingent Valuation Method) would matter.
But I am talking about the 'process'. Dr. CL Spaash, among others, suggested that when a small group of people could have a discussion before they stated the monetary values for certain environmental goods, the values would be different, comparing to individual interviews. This is a process that mimics the real delibrative process in a democratic society.
A large group of elderly and mid-age individuals living in the same public housing estate for more than 30 years may have different values too, because they have developed a strong sense of belongings to the built environment as well as the landscapes inside. An good example is trees, under which they roamed for no reason, they slept for a whole afternoon, they chated with each other. Their 30-year living in that estate is a process, a much longer process.
Contrast to neoclassical economic views, preferences can change along with temporal and spatial variations. Values are not only a reflection of individuals' rational behaviours, but are socially constructed - that means values are not a matter of one single person, but a group of people who are interacting with each other and with the environment as well.
I am preparing to capture the impacts of these variations on environmental values.
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