contingent valuation method
URL: https://wesr-staging.azurewebsites.net/glossary/ajax/ajax.searchalloccurance.php?q=143
This method is the only method which is used for the non-use value. For the valuation of non-use values it is necessary to create a hypothetical market and therefore people are directly questioned through surveys about their willingness to pay for keeping or maintaining the service.; Seeks to elicit information on environmental preferences directly from individuals using surveys, questionnaires or experimental techniques which collect information either on the "willingness-to-pay" (WTP) for an increase in the provision or quality of an environmental good or service, or the minimum "willingness-to-accept" (WTA) compensation to forego such beneficial change. The approach depends on the respondents having a good understanding of why environmental preferences are solicited and interpreting the contingent valuation method question and scenario in the same way as the writer of the question.
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| Field | Value |
|---|---|
| Data last updated | November 9, 2022 |
| Metadata last updated | January 26, 2023 |
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| Created | 4 years ago |
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| Position | 67 |
| Resource type | web |
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| Version | 1 |