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Contingent Valuation: A User's Guide

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  • Carson, Richard T

Abstract

Contingent valuation (CV) is a survey-based method frequently used for placing monetary values on environmental goods and services not bought and sold in the marketplace. CV is usually the only feasible method for including passive use considerations in an economic analysis, a practice that has engendered considerable controversy. The issue of what a CV study tries to value is first addressed from the perspective of a policymaker and then the controversy over the inclusion of passive use is taken up in more detail. The major issues and positions taken in the technical debate over the use of CV are summarized from a user's perspective. Key design and implementation issues involved in undertaking a CV survey are examined and the reader is provided with a set of factors to examine in assessing the quality of a CV study.

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Bibliographic Info

Paper provided by Department of Economics, UC San Diego in its series University of California at San Diego, Economics Working Paper Series with number qt2mw607q7.

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Date of creation: 01 Dec 1999
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Handle: RePEc:cdl:ucsdec:qt2mw607q7

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Keywords: contingent evaluation;

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Cited by:
  1. Álvarez Díaz, Marcos & González Gómez, Manuel & Saavedra González, Ángeles & De Uña Álvarez, Jacobo, 2010. "On dichotomous choice contingent valuation data analysis: Semiparametric methods and Genetic Programming," Journal of Forest Economics, Elsevier, Elsevier, vol. 16(2), pages 145-156, April.
  2. Theodore C. Bergstrom, 2006. "Benefit-Cost in a Benevolent Society," American Economic Review, American Economic Association, vol. 96(1), pages 339-351, March.
  3. Hege Medin & Karine Nyborg & Ian Bateman, 1998. "The Assumption of Equal Marginal Utility of Income: How Much Does it Matter?," Discussion Papers, Research Department of Statistics Norway 241, Research Department of Statistics Norway.
  4. Goldberg, Isabell & Roosen, Jutta, 2005. "Measuring Consumer Willingness to Pay for a Health Risk Reduction of Salmonellosis and Campylobacteriosis," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark, European Association of Agricultural Economists 24512, European Association of Agricultural Economists.

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