Contingent valuation method


Also found in: Acronyms.

Contingent valuation method

A method that attempts to objectively measure the dollar value of changes in environmental quality; often uses questionnaires and other surveys that ask people what they would pay for various environmental improvements.
References in periodicals archive ?
The Contingent Valuation Method The contingent valuation method (CVM) is a well-known method for estimating the value of intangibles (Mitchell & Carson, 1989).
using contingent valuation method, results indicated that variables of income and history of to cancer among people have a positive and significant effect on the rate of WTP for organic cucumber and the average of the individuals' WTP for buying one Kilo organic cucumber and vegetables was 12200 and 17238 Rials, respectively.
This article discusses a fourth approach: the contingent valuation method (CVM).
Using surveys to value public goods: The contingent valuation method.
Hence, the Contingent Valuation method (CV) (1) has been proposed in order to obtain a valuation of health based on the individuals' preferences.
Valuing environmental preferences: Theory and practice of the contingent valuation method in the U.
1) See the symposium on the contingent valuation method in the fall 1994 issue of the Journal of Economic Perspectives.
This article investigated whether the contingent valuation method could effectively be used to evaluate the economic effects of forest fire management policies on different ethnic groups in California.
6) In overturning these regulations, the Court of Appeals for the District of Columbia Circuit laid out two general principles: 1) The principal purpose of natural resource damages is to restore the resource, and thus, damages should be based primarily on "restoration costs" (7) rather than on "use values;" and 2) "nonuse value" damages should be compensated, using the contingent valuation method.
The contingent valuation method (CVM) was originally developed in the mid-twentieth century to value natural resources and public goods, which are not exchanged in a market.
Keywords: Averting Behaviour, Contingent Valuation Method, Drinking Water, Willingness to Pay