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.
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References in periodicals archive ?
Determination of economic value of Goreme Historical National Park via contingent valuation method. Scientific Research and Essays, 5(9), 934-940, 2010.
These results were confirmed by both analysing the choice experiment data and analysing the contingent valuation method data; both the cases resulted in a significantly positive willingness to pay for the quasi-natural landscape condition.
This study uses contingent valuation method of stated preference approach to measure the WTP for improved tap water services with continuous supply of good quality water that is potable without boiling or any other treatment.
"Moving Beyond Economic Impact: A Closer Look at the Contingent Valuation Method." International Journal of Sport Finance, 2, 2007, 149-60.
Using surveys for value publicgoods: The contingent valuation method. Washington, DC: Resources for the Future.
Measuring Consumers' Value of Organic-Beef Using Contingent Valuation Method, Journal of Rural, 27: 95-110.
Jackson, Pitts, and Norwood claim the contingent valuation method (CVM) "is not a suitable substitute for actual market data with observable transactions" (p.
The contingent valuation method is called 'contingent' valuation because it uses information on how people say they would behave given hypothetical situations, contingent on being in the real situation." The use of CV for estimating the value from the use or potential use of non-market goods is, while not without limits, less controversial than the application of CV to estimate the value of passive-use non-market goods.
The contingent valuation method is nowadays a common practice in many fields.