contingent valuation


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contingent valuation

(kŏn-tin′jĕnt val″yŭ-ā′shŏn)
A method of assigning a monetary value to a nonexchangeable condition, product, or service, e.g., health care or environmental quality. It is based on surveys of the stated preferences of people for specified conditions, asking them how much they might be willing to pay for those services.
References in periodicals archive ?
Although it has a much longer history in other contexts, contingent valuation is only recently becoming common in sports applications (e.
95) The technique is named contingent valuation because
Keywords: Non-market Valuation, Contingent Valuation Method, Safe Water, Willingness to Pay, Karachi
Therefore, we carried out surveys in two relatively small towns where local fourth-tier clubs were under threat, employing the contingent valuation method (CVM) to evaluate local willingness-to-pay to sustain professional football in the community.
While researchers have considered issues related to time in contingent valuation (e.
In the next study, we build on the results of the previous experiment by applying principles of IIT in a vignette survey using contingent valuation (CV) methodology.
Thus, the contingent valuation method with iterative bidding design seems to have some influence on the mean WTP (see Model 2 in Table 2).