This study is an empirical review of the effect climate change on agriculture: a contingent valuation method. The paper relied content analysis extant literature. viewed contingency or Contingent Valuation Method (CVM) economic, non-market based method especially used to infer individual's preferences for public goods, notably environmental quality and more precisely it place monetary value non...

Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. Abstract This paper presents an application of the contingent valuation method (CVM) and choice experiments (CEs). We examine consumer willingness to pay (WTP) for different health risk reduction levels of Salmonellosis and Campylobacteriosi...

In recent decades, concerns have arisen about the proper valuation of the world's forests. While some of these concerns have to do with market distortions for timber products or inadequate data on non-timber forest products, an additional issue has been the challenge of uncovering the economic worth of non-market services provided by forest ecosystems (Kramer, Healy and Mendelsohn). This has le...

Scope insensitivity has been a common result in many contingent valuation studies applied to high non-use value resources. Previous studies have explained these results with different arguments, such as the theory of diminishing marginal existence values or even going as far as questioning the validity of contingent valuation method (CVM). In this paper, we conduct a meta-analysis on contingent...

This study investigates whether or not the scale bias found in contingent valuation (CVM) studies on mortality risk reductions is a result of cognitive constraints among respondents. Scale bias refers to insensitivity and non near-proportionality of the respondents’ willingness to pay (WTP) to the size of the risk reduction. Two hundred Swedish students participated in an experiment where their...

Three criticisms of the contingent valuation method (CVM) are considered in this article. One technique that would appear to answer such criticisms is choice modelling (CM). CM permits value estimates for di¡erent goods sharing a common set of attributes to be pieced together using the results of a single multinomial (conditional) logit model. The CM approach to environmental value assessment i...

The main purpose of this study was to investigate how climate change affects blood vessel-related heart disease and hypertension and to estimate the associated economic damage. In this paper, both the panel data model and the contingent valuation method (CVM) approaches are applied. The empirical results indicate that the number of death from cardiovascular diseases would be increased by 0.226%...