Non-Market Goods

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August 31, 2024 3 min read Definitions
Contingent Valuation: A Method for Valuing Non-Market Goods
Economics Environmental Economics Valuation Non-Market Goods Surveys Environmental Economics Economic Methods
Contingent Valuation (CV) is an economic method used to estimate the value of non-market goods, such as environmental benefits, through consumer surveys. This technique helps in understanding how much individuals are willing to pay for specific features or the compensation they would require for their loss.
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