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Non-Market Valuation Techniques: The State of the Art
Abstract
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.
Description
WP 1999-10 January 1999
Date Issued
1999-01-01Publisher
Charles H. Dyson School of Applied Economics and Management, Cornell University
Subject
non-market valuation; contingent valuation; choice experiments; travel cost method; hedonic pricing
Type
article