Survey-based economic technique for finding the value of resources without market prices
Not to be confused with Contingent claim valuation.
Contingent valuation is a survey-based economic technique for the valuation of non-market resources, such as environmental preservation or the impact of externalities like pollution. While these resources do give people utility, certain aspects of them do not have a market price as they are not directly sold – for example, people receive benefit from a beautiful view of a mountain, but it would be tough to value using price-based models. Contingent valuation surveys are one technique which is used to measure these aspects. Contingent valuation is often referred to as a stated preference model, in contrast to a price-based revealed preference model. Both models are utility-based. Typically the survey asks how much money people would be willing to pay (or willing to accept) to maintain the existence of (or be compensated for the loss of) an environmental feature, such as biodiversity.
and 28 Related for: Contingent valuation information
Contingentvaluation is a survey-based economic technique for the valuation of non-market resources, such as environmental preservation or the impact...
present value cost of $250 million. Contingentvaluation is a stated preferences technique. Contingentvaluation estimates the value a person places on...
psychology and motivations for environmental values. He employed contingentvaluation to conduct empirical research in innovative ways that included ethical...
valuation studies should be conducted in the conflict areas (trade-off area) in order to get information on costs and benefits. Contingentvaluation (CV)...
optionality. Contingent claims are applied under financial economics in developing models and theory, and in corporate finance as a valuation framework....
corresponding payout rules; see Contingent claim valuation, Real options valuation, and Mergers and acquisitions § Business valuation. The second: the CVR takes...
issues. Evidence of the endowment effect is widespread in contingentvaluation. Contingentvaluation is a common method in identifying how consumers value...
individual's wage. Another method used to estimate VSL is contingentvaluation. Contingentvaluation asks individuals to value an option either that they have...
estimated using stated preference methods such as contingentvaluation or choice modelling. Contingentvaluation typically takes the form of surveys in which...
"revealed preference" methods. Stated preference methods, such as the contingentvaluation method ask people for their willingness to pay for a certain ecosystem...
researchers wish to identify the value of a specific public good using a contingentvaluation or willingness-to-pay (WTP) approach. The problem arises because...
Economists. "The Discrete Choice Experiment Approach to Environmental ContingentValuation,":Carson, Richard T. and Mikolaj Czajkowski in Stephane Hess and...
Small scale simulated markets have been used in conjunction with contingentvaluation methods in order to assess the relative values of economic goods...
finance Contingent claim valuation Fuzzy pay-off method for real option valuation Datar–Mathews method for real option valuation Business valuation § Option...
natural resource damages with contingentvaluation: tests of validity and reliability. In Hausman, J.A. (ed), ContingentValuation:A Critical Assessment, pp...
(2004). "The net benefit of saving the Asian elephant a policy and contingentvaluation study" (PDF). Ecological Economics. 48 (1): 93–107. Bibcode:2004EcoEc...
asset."[citation needed] These values are commonly measured through contingentvaluation surveys and have been actionable damages in the US since State of...
individuals who are not aware of their present bias. Choice modelling Contingentvaluation Guns versus butter model Heckscher–Ohlin theorem on country level...
fail, and appraisers must rely on more advanced techniques, such as contingentvaluation, case studies, or statistical analyses.[failed verification] A 2011...
groundwater protection levels: results and lessons learnt from a contingentvaluation survey in the Upper Rhine valley aquifer, France, S Aulong & JD Rinaudo...
Sarah; Wilson, K. Nicole (1992). "Measuring Non-Use Damages Using ContingentValuation: An Experimental Evaluation of Accuracy". Research Triangle Institute...
Bond valuation is the process by which an investor arrives at an estimate of the theoretical fair value, or intrinsic worth, of a bond. As with any security...
methodology for valuing public environmental goods (e.g. public parks)––“ContingentValuation”––could be refined with a neuroeconomical approach. Glimcher et al...
preference, the idea that a person's actions reflect their desires Contingentvaluation, the use of surveys to identify preferences not revealed by market...
of inland homes) Contingentvaluation: Service demand may be elicited by posing hypothetical scenarios that involve some valuation of alternatives (e...
leadership: The transactional leader focuses on managerial reward and contingentvaluation. The transformational leader focuses on motivation and goal attainment...
Global Information