How suitable are contingent valuation techniques for valuing properties in non-market situations? [electronic resource]
Language: English Publication details: 2005Subject(s): Online resources: Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 137898-2001 |
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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.