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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.

Suggested Citation

  • Carson, Richard T, 1999. "Contingent Valuation: A User's Guide," University of California at San Diego, Economics Working Paper Series qt2mw607q7, Department of Economics, UC San Diego.
    • Handle: RePEc:cdl:ucsdec:qt2mw607q7
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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, vol. 16(2), pages 145-156, April.
    2. Saayman, Melville & Krugell, Waldo F. & Saayman, Andrea, 2016. "Willingness to pay: Who are the cheap talkers?," Annals of Tourism Research, Elsevier, vol. 56(C), pages 96-111.
    3. Birdir, Sevda & Ünal, Özlem & Birdir, Kemal & Williams, Allan T., 2013. "Willingness to pay as an economic instrument for coastal tourism management: Cases from Mersin, Turkey," Tourism Management, Elsevier, vol. 36(C), pages 279-283.
    4. Jindal, Rohit, 2008. "Exploring demand for forestry in Lake Victoria Basin (Western Kenya): An econometric approach," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6347, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Medin, Hege & Nyborg, Karine & Bateman, Ian, 2001. "The assumption of equal marginal utility of income: how much does it matter?," Ecological Economics, Elsevier, vol. 36(3), pages 397-411, March.
    6. Brahim, DJEMACI, 2015. "Using a Contingent Valuation Approach for Improved Household Solid Waste Management in Algeria," MPRA Paper 68443, University Library of Munich, Germany.
    7. Bing Yu & Yuying Cai & Laiqun Jin & Bisheng Du, 2018. "Effects on Willingness to Pay for Marine Conservation: Evidence from Zhejiang Province, China," Sustainability, MDPI, vol. 10(7), pages 1-17, July.
    8. Rodriguez, Elsa M. & Lacaze, Maria Victoria & Lupin, Beatriz, 2007. "Willingness to pay for organic food in Argentina: Evidence from a consumer survey," 105th Seminar, March 8-10, 2007, Bologna, Italy 7873, European Association of Agricultural Economists.
    9. Theodore C. Bergstrom, 2006. "Benefit-Cost in a Benevolent Society," American Economic Review, American Economic Association, vol. 96(1), pages 339-351, March.
    10. Nikola Jovanoski, 2015. "Estimating the Value of Preserving the Doubs," IRENE Working Papers 15-02, IRENE Institute of Economic Research.
    11. Andrea Klinglmair & Markus Gilbert Bliem & Roy Brouwer, 2015. "Exploring the public value of increased hydropower use: a choice experiment study for Austria," Journal of Environmental Economics and Policy, Taylor & Francis Journals, vol. 4(3), pages 315-336, November.
    12. 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 24512, European Association of Agricultural Economists.
    13. Cristeche, Estela & Tello, Diego & de Prada, Jorge & Brescia, Victor, 2015. "Contigent Valuation with Multiple Bounded Format and Uncertainty Response of a Rural Land Zoning Program in the South of Cordoba Province, Argentina," 2015 Conference, August 9-14, 2015, Milan, Italy 211551, International Association of Agricultural Economists.

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    Keywords

    contingent evaluation;

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