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Process / pipelineNon-market environmental valuation

Contingent Valuation Method

The contingent valuation method (CVM) is a survey-based stated-preference technique for estimating the economic value people place on goods that are not traded in markets — clean air, an endangered species, a wilderness area, the existence of a natural resource. Respondents are presented with a carefully constructed hypothetical scenario and asked how much they would be willing to pay for a described change in provision; their answers are used to estimate mean or median willingness to pay, including non-use (existence) values that no market reveals.

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Vyanzo

  1. Hanemann, W. M. (1994). Valuing the environment through contingent valuation. Journal of Economic Perspectives, 8(4), 19–43. DOI: 10.1257/jep.8.4.19
  2. Arrow, K., Solow, R., Portney, P. R., Leamer, E. E., Radner, R., & Schuman, H. (1993). Report of the NOAA Panel on Contingent Valuation. Federal Register, 58(10), 4601–4614. link

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ScholarGate. (2026, June 22). Contingent Valuation Method for Non-Market Valuation. ScholarGate. https://scholargate.app/sw/economics/contingent-valuation-method

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ScholarGateContingent Valuation Method (Contingent Valuation Method for Non-Market Valuation). Imepatikana 2026-06-24 kutoka https://scholargate.app/sw/economics/contingent-valuation-method · Seti ya data: https://doi.org/10.5281/zenodo.20539026