Contingent Valuation by Jerry A. Hausman

A Critical Assessment

This comprehensive work delves into the intricacies of contingent valuation, a method used to assess the economic value of non-market resources, such as environmental assets and public goods. It critically examines the theoretical foundations and practical applications of this approach, highlighting both its potential and limitations. Through a series of case studies and empirical analyses, the book explores how contingent valuation can inform policy decisions, while also addressing the methodological challenges and controversies that surround its use in economic valuation.

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