PROSPECTS FOR CONTINGENT VALUATION: LESSONS FROM THE SOUTH-EAST FORESTS

The Contingent Valuation Method (CVM) has been strongly criticised in Australia following two prominent applications. The aims in this paper are to review these criticisms and to demonstrate how, through an application of the method, these potential problems were addressed. The results of the application - a valuation of the conservation benefits of the National Estate forests of Southeastern Australia - are presented. A key feature of the application was the use of focus group testing in the questionnaire design phase. Finally, an assessment is made of the future prospects for the use of the CVM in Australia.


Issue Date:
1993-08
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/22615
Published in:
Australian Journal of Agricultural Economics, Volume 37, Number 2
Page range:
79-93
Total Pages:
15




 Record created 2017-04-01, last modified 2017-11-08

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)