consumers’ willingness to pay for nonmarket commodities such as wildlife, quality of the environment and forest services (including timber production, water conservation, soil conservation, oxygen supply, carbon sequestration, recreation services and wildlife preservation) is a measure of value of these resources. in recent years the contingent valuation has been used to determine this and othe...

One of the most widely appreciated problems of contingent valuation is the potential manipulability of the method, thus subjecting it to possible strategic bias. This paper shows that under usual conditions this problem also holds for market-based methods, such as travel cost and hedonic pricing. However, not all formats of these valuation methods are manipulable. This paper finds positive resu...

Contingent valuation methodology (CVM) has been increasingly applied to cultural resources. CVM employs survey methods to gather stated preference information, which can be used to estimate economic values of various cultural resources and projects. Although popular in other fields, the application of CVM in the cultural arena is relatively recent. This article summarizes this growing body of e...

• Stated preferences and their uncertainty for good ecological status was elicited. Elicitation methods provided different incentives in stating the welfare measure. Importance of streams diversity improved fish stocks were emphasized. Natura 2000 sites new knowledge increased wellbeing. Aquatic biodiversity should be better integrated into regional water management. Non-market values pose a ch...

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...

this paper examines the accuracy of valuation models in providing reasonable estimation of the market values of listed companies in tehran stock exchange (tse). six valuation models including gordon growth model, two stage dividend discount model, adjusted present value, price to earning ratio and residual income were examined in this study. in addition, three proxies represent the market value...