Non-Market Valuation Techniques: The State of the Art
Rose, Steven K.
This paper presents individual overviews of the current issues and innovations regarding the application of the following non-market valuation techniques: contingent valuation, choice experiments, travel cost method, and hedonic pricing. Each technique is described conceptually and theoretically, followed by a discussion ofcurrent research, a critique, sample applications, and suggested additional reading.
WP 1999-10 January 1999
Charles H. Dyson School of Applied Economics and Management, Cornell University
non-market valuation; contingent valuation; choice experiments; travel cost method; hedonic pricing