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What is Contingent Valuation Method Explained about?

The document discusses the Contingent Valuation Method (CVM) as a technique for estimating economic values for non-market goods and services, particularly in the context of environmental degradation. It outlines the steps for designing a CVM study, including setting up a hypothetical market, obtaining bids, analyzing results, and evaluating the exercise, while also highlighting the importance of guidelines established by NOAA for ensuring credibility. A case study on Machu Picchu illustrates the application

Author

rahmat basuki

Language

EN