How suitable are contingent valuation techniques for valuing properties in non-market situations? [electronic resource]

Ogunba, Olusegun A.

How suitable are contingent valuation techniques for valuing properties in non-market situations? [electronic resource] - 2005

Discusses the valuation approach when a non-market situation exists, considering the suitability of contingent valuation, an environmental valuation technique as a more rational substitute for the traditionally used replacement cost approach for many non-market situations. Concludes that the simulation biases are surmountable, and that contingent valuation deserves greater recognition.


International