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Contingent Valuation of Nonmarket Benefits in Project Economic Analysis: A Guide to Good Practice

Contingent Valuation of Nonmarket Benefits in Project Economic Analysis: A Guide to Good Practice

Paperback

Investing & FinanceTechnology & EngineeringTeaching Instruction

ISBN10: 9292692755
ISBN13: 9789292692759
Publisher: Asian Development Bank
Published: Jul 30 2022
Pages: 208
Weight: 0.83
Height: 0.56 Width: 6.00 Depth: 9.00
Language: English
This guide explains how to measure people's willingness to pay for goods and services, such as improved air quality, that are not traded in a market. It aims to help improve the assessment of potential investment projects.

Accounting for the value of nonmarket benefits and costs is an essential part of project economic analysis. The contingent valuation method (CVM) is a stated preference approach used in many areas of public policy, including water supply and sanitation, health, tourism, and cultural heritage. This book aims to support practitioners who are engaged to prepare and implement CVM studies as part of investment appraisal.

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Investing & Finance