Non-Market Valuation Techniques: The State of the Art
AbstractThis paper presents individual overviews of the current issues and innovations regarding the application of the following non-market valuation techniques: contingent valuation, choice experiments, travel cost method, and hedonic pricing. Each technique is described conceptually and theoretically, followed by a discussion ofcurrent research, a critique, sample applications, and suggested additional reading.
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Bibliographic InfoPaper provided by Cornell University, Department of Applied Economics and Management in its series Working Papers with number 127688.
Date of creation: Jan 1999
Date of revision:
non-market valuation; contingent valuation; choice experiments; travel cost method; hedonic pricing; Marketing;
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