A revised contingent valuation entry in the Elsevier Encyclopedia of Energy, Natural Resource and Environmental Economics
The second edition of the Encyclopedia of Energy, Natural Resource, and Environmental Economics is in the works. Me and Tim have revised our entry on the Contingent Valuation Method. Other than annoying required format changes from the first to the second editions (e.g., adding references), we didn’t do much. But there is one substantive change in the validity section*:
*ANA and CVM is my theme for the next 12 months.
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When there is an increase in demand a business firm will increase output. In the case
