Determining the Value of Non-Marketed Goods: Economic, by Raymond J. Kopp,Werner W. Pommerehne,Norbert Schwarz PDF

By Raymond J. Kopp,Werner W. Pommerehne,Norbert Schwarz

ISBN-10: 0792399803

ISBN-13: 9780792399803

Contingent valuation (CV) measures what's known as passive use price or life worth. The CV process has been used to degree the advantages of environmental coverage activities. CV measures of financial price depend upon selection. In CV reviews, offerings are posed to humans in surveys; analysts then use the responses to those selection inquiries to build financial measures of price. the categorical mechanism used to elicit respondents' offerings can take a number of types, together with asking survey respondents whether or not they might buy, vote, or pay for a software or another well-defined item of selection. it may possibly additionally be an instantaneous elicitation of the volume each one respondent will be prepared to pay (WTP) to procure an item of selection or the quantity each one respondent will be keen to just accept (WTA) in reimbursement to provide it up.
This quantity consists of 3 sections. the 1st part presents historical past into the problems underlying the general public and educational dialogue concerning CV and the reliability of CV estimates of monetary worth. furthermore, this part stories the speculation underlying the dimension of financial worth and discusses these elements of the speculation so much correct to CV. the second one part focuses on matters that experience shaped the middle of the CV discussions together with: sensitivity of WTP estimates to the dimensions of this system provided, assessments for theoretical consistency of CV effects, and the sensitivity of effects to context and various different beneficial properties of the survey and its management. the ultimate part addresses the appliance of CV to genuine monetary valuation projects and discusses the categories of useful difficulties the CV researcher will encounter.

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Determining the Value of Non-Marketed Goods: Economic, Psychological, and Policy Relevant Aspects of Contingent Valuation Methods (Studies in Risk and Uncertainty) by Raymond J. Kopp,Werner W. Pommerehne,Norbert Schwarz


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