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	Contingent Valuation Method	Hedonisk prissättningsmodell	Slutskyekvationen
Ämnesområde	Nationalekonomi	Nationalekonomi	Nationalekonomi
Familj	Process / pipeline	Regression model	Regression model
Ursprungsår	1963	1974	1915
Upphovsperson	Robert Davis	Sherwin Rosen	Eugen Slutsky
Typ	Stated preference valuation method	Revealed preference valuation method	Demand decomposition identity
Ursprungskälla	Mitchell, R. C., & Carson, R. T. (1989). Using Surveys to Value Public Goods: The Contingent Valuation Method. Resources for the Future.	Rosen, S. (1974). Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. Journal of Political Economy, 82(1), 34–55.	Slutsky, E. E. (1915). On the Theory of the Budget of the Consumer. In G. J. Stigler & K. E. Boulding (Eds.), Readings in Price Theory, 27–56.
Alias	CVM, Willingness-to-Pay Survey, WTP Elicitation	Hedonic Regression, Characteristics Pricing Model	Slutsky Decomposition, Income and Substitution Effects
Närliggande	3	3	2
Sammanfattning	Contingent Valuation (CVM), developed by Robert Davis in the 1960s, is a survey-based method for estimating the economic value of non-market environmental goods and services—such as wilderness preservation, air quality, or species protection—by directly asking people their willingness to pay (WTP) for specified improvements or willingness to accept (WTA) compensation for losses. It provides a valuation where market prices do not exist.	The hedonic pricing model, developed by Sherwin Rosen in 1974 and building on Kevin Lancaster's characteristics theory (1966), is an econometric method for valuing the implicit prices of product attributes by regressing market prices on observed characteristics. It reveals the trade-offs consumers are willing to make among product features and can be used to infer valuations of environmental amenities (e.g., air quality via house prices) and to adjust price indices for quality changes.	The Slutsky equation, derived by Russian economist Eugen Slutsky in 1915, is a fundamental identity in microeconomics that decomposes the total change in demand for a good into two effects: the substitution effect and the income effect. Formalizing John Hicks' later interpretation, it provides the mathematical foundation for understanding consumer response to price changes and for distinguishing welfare-relevant demand responses.