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3 Several state-of-the-art textbooks have been written in the last two decades on both valuation approaches. Mitchell
and Carson (1989), Bateman et al. (2004), and Carson (2007) provide good options for the stated preferenceapproach, while Bockstael and McConnell (2006) and Herriges and Kling (2008) summarize the revealed preference
approach adqequately. Markandya and Richardson (1992) and Champ et al. (2003) synthesize both approaches into
one book.
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8 The National Oceanic Atmospheric Administration (NOAA)-panel (1993) was brought to life to reach some middle
ground between all of the, at that time, existing studies using the contingent valuation method, to collect at list with
do's and don'ts. An example is the type of elicitation a researcher preferably uses.
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