Accounting for the value of nonmarket benefits and costs is an essential part of project economic analysis. The contingent valuation method (CVM) is a stated preference approach used in many areas of public policy, including water supply and sanitation, health, tourism, and cultural heritage. This book aims to support practitioners who are engaged to prepare and implement CVM studies as part of investment appraisal.
- Key Consideration When Planning a CVM Study
- Designing the Sampling Strategy
- Contingent Valuation Questionnaire: Best Practices and Design Issues
- Implementation of Contingent Valuation Surveys
- Managing and Analyzing CVM Data
- Future Directions for CVM Practice