Download PDF by Raymond J. Kopp,Werner W. Pommerehne,Norbert Schwarz: Determining the Value of Non-Marketed Goods: Economic,

By Raymond J. Kopp,Werner W. Pommerehne,Norbert Schwarz

ISBN-10: 0792399803

ISBN-13: 9780792399803

Contingent valuation (CV) measures what's known as passive use price or life worth. The CV strategy has been used to degree the advantages of environmental coverage activities. CV measures of monetary price depend on selection. In CV experiences, offerings are posed to humans in surveys; analysts then use the responses to those selection inquiries to build financial measures of price. the explicit mechanism used to elicit respondents' offerings can take various varieties, together with asking survey respondents whether or not they might buy, vote, or pay for a application or another well-defined item of selection. it might additionally be an instantaneous elicitation of the volume every one respondent will be prepared to pay (WTP) to procure an item of selection or the quantity each one respondent will be prepared to simply accept (WTA) in reimbursement to offer it up.
This quantity consists of 3 sections. the 1st part offers historical past into the problems underlying the general public and educational dialogue relating to CV and the reliability of CV estimates of financial worth. moreover, this part reports the speculation underlying the dimension of monetary worth and discusses these elements of the idea so much correct to CV. the second one part focuses on matters that experience shaped the center of the CV discussions together with: sensitivity of WTP estimates to the dimensions of this system provided, assessments for theoretical consistency of CV effects, and the sensitivity of effects to context and various different beneficial properties of the survey and its management. the ultimate part addresses the applying of CV to genuine financial valuation initiatives and discusses the kinds of sensible difficulties the CV researcher will encounter.

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Determining the Value of Non-Marketed Goods: Economic, Psychological, and Policy Relevant Aspects of Contingent Valuation Methods (Studies in Risk and Uncertainty) by Raymond J. Kopp,Werner W. Pommerehne,Norbert Schwarz


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