The contingent valuation method (CVM) works with the premise that it is possible to create an artificial
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The contingent valuation method (CVM) works with the premise that it is possible to create an "artificial" market-like condition and elicit individuals" WTP through a well-designed survey questions. What are the steps needed to create the "artificial" market-like condition? Be specific. What are your thoughts about CVM in general? Discuss.
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The contingent valuation method CVM aims to estimate the economic value of nonmarket goods or services such as environmental resources by eliciting individuals willingness to pay WTP through surveys C...View the full answer
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Related Book For 
Principles Of Environmental Economics And Sustainability
ISBN: 9780815363545
4th Edition
Authors: Ahmed Hussen
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