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Issues in Estimating Benefits with Non-Market Methods

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  • McConnell, Kenneth E.

Abstract

This paper reviews modern techniques for estimating the benefits of goods which are not bought and sold in markets, paying special attention to the kinds of empirical studies that applied economists have faced in analyzing recent projects. The methods which are described and evaluated include Contingent Valuation, Hedonics, Travel Cost, and Random Utility Models.

Suggested Citation

  • McConnell, Kenneth E., 1995. "Issues in Estimating Benefits with Non-Market Methods," IDB Publications (Working Papers) 1894, Inter-American Development Bank.
    • Handle: RePEc:idb:brikps:1894
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    File URL: https://publications.iadb.org/publications/english/document/Issues-in-Estimating-Benefits-with-Non-Market-Methods.pdf
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    Cited by:

    1. Sergio Ardila & Ricardo Quiroga & William J. Vaughan, 1998. "A Review of the Use of Contingent Valuation Methods in Project Analysis at the Inter-American Development Bank," IDB Publications (Working Papers) 33298, Inter-American Development Bank.

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    WP-308;

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