Preference reversals in Contingent and Inferred valuation methods

-celear"gand Contingent Valuation Methods

Contingent Valuation Method and Market Value: Applying Stated preference methods in Real Estate Market

One of the most criticism in Real Estate appraisal processes based on sales comparison approach is the reliability of data about market prices of comparable properties. The lack of information on house prices is particularly relevant in Italy, where households’ preference for housing wealth is very high, due also to the market orientation of Italian households for owner-occupation (Di Addario 2...

Contingent Valuation

822

Contingent Valuation and Incentives

We empirically investigate the effect of the payment mechanism on contingent values by asking a willingness-to-pay question with one of three different payment mechanisms: individual contribution, contribution with provision point, and referendum. We Ž nd statistical evidence of more afŽ rmative responses in the referendum treatment relative to the individual contribution treatment, some weak s...

Contingent Valuation: Controversies and Evidence

Contingent valuation (CV) has become one of the most widely used non-market valuation techniques. CV’s prominence is due to its flexibility and ability to estimate total value, including passive use value. Its use and the inclusion of passive use value in benefit-cost analyses and environmental litigation are the subject of a contentious debate. This paper discusses key areas of the debate over...