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Environmental Resource Valuation Applications of the Contingent Valuation Method in Italy

by Richard C. Bishop

  • ISBN: 9780792381433
  • ISBN10: 0792381432

Environmental Resource Valuation Applications of the Contingent Valuation Method in Italy

by Richard C. Bishop

  • List Price: $259.00
  • Binding: Hardcover
  • Publisher: Kluwer Academic Pub
  • Publish date: 05/01/1998
  • ISBN: 9780792381433
  • ISBN10: 0792381432
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Description: Economic values are increasingly used in policy analysis and legal settings. With the growing recognition that many of the things that benefit or harm people are outside the market system, have come increasing efforts to develop nonmarket valuation techniques. One such technique is the contingent valuation method (CVM). CVM seeks to value environmental and other nonmarket goods and services by asking individuals about their values using survey methods. These procedures are different from the 'revealed-preference' methods that economists have historically employed to estimate economic values.

Given the tremendous interest that exists in economic values and the limitations of revealed-preference methods, it is not surprising that interest in CVM has grown rapidly. Environmental Resource Valuation reviews the application of CVM and compares American experiences in nonmarket evaluation with those in other countries.

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