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The contingent valuation method (CVM) is used to estimate economic values for ecosystem and environmental services. It involves directly asking people, through surveys, how much they are willing to pay for specific environmental services or the compensation they would need to accept to give up those services. CVM is referred to as a "stated preference" method because it asks people to state their values rather than inferring them from actual choices as "revealed preference" methods do. The fact that CVM is

Author

Karthikeya raj

Language

EN