Journal
ENVIRONMENTAL IMPACT ASSESSMENT REVIEW
Volume 24, Issue 1, Pages 89-124Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/S0195-9255(03)00138-0
Keywords
contingent valuation method; willingness to pay; embedding; NOAA
Categories
Ask authors/readers for more resources
The contingent valuation method (CVM) is a simple, flexible nonmarket valuation method that is widely used in cost-benefit analysis and environmental impact assessment. However, this method is subject to severe criticism. The criticism revolves mainly around two aspects, namely, the validity and the reliability of the results, and the effects of various biases and errors. The major objective of this paper is to review the recent developments on measures to address the validity and reliability issues arising out of different kinds of biases/ errors and other related empirical and methodological issues concerning contingent valuation method. (C) 2003 Elsevier Inc. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available