M00007147
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IDENTIFYING AND MEASURING NONUSE VALUES FOR NATURAL AND ENVIRONMENTAL RESOURCES: A CRITICAL REVIEW OF THE STATE OF THE ART
American Petroleum Institute
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Availability date: 10/27/2021
This review covers an indepth look at the theoretical arguments for using the Contingent Value Method (CVM) as a scientifically valid and reliable tool for valuing nonuse public goods, specifically, environmental resources. The theory of option value is used to frame the concept of nonuse; prominent studies that feature nonuse measurement are highlighted. The potential biases of the CVM method are mentioned with suggestions on improving values.
Published | |
Document Type | Standard |
Status | Current |
Publisher | American Petroleum Institute |
Pages | |
ISBN |