2020
DOI: 10.1111/polp.12364
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Citizen Advisory Committees in the Contingent Valuation Method Process

Abstract: The contingent valuation method (CVM) is a tool of economic analysis the purpose of which is to measure, on the basis of individuals' stated preferences, the utility they attach to the production of public goods—thereby enabling a public decision maker to arbitrate between different items of expenditure. The approach has been deployed as part of a centralist conceptual scheme that leaves little room for citizens in the process and is now being challenged by the increasing prominence of multilevel governance, p… Show more

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Cited by 4 publications
(2 citation statements)
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“…The CVM is firmly rooted in welfare economics, aligning with neoclassical economic value principles and the pursuit of maximizing individual utility. Economists, researchers, and policymakers favor this survey technique due to its comprehensive and adaptable methodology, offering a robust foundation for estimating benefits in environmental enhancements and other public goods, thus aiding in the design of effective and credible policies [58]. As previously outlined, the CVM relies on direct inquiries to individuals regarding their WTP for a specific commodity.…”
Section: Methodsmentioning
confidence: 99%
“…The CVM is firmly rooted in welfare economics, aligning with neoclassical economic value principles and the pursuit of maximizing individual utility. Economists, researchers, and policymakers favor this survey technique due to its comprehensive and adaptable methodology, offering a robust foundation for estimating benefits in environmental enhancements and other public goods, thus aiding in the design of effective and credible policies [58]. As previously outlined, the CVM relies on direct inquiries to individuals regarding their WTP for a specific commodity.…”
Section: Methodsmentioning
confidence: 99%
“…The CVM is firmly rooted in welfare economics, aligning with neoclassical economic value principles and the pursuit of maximizing individual utility. Economists, researchers, and policymakers favor this survey technique due to its comprehensive and adaptable methodology, offering a robust foundation for estimating benefits in environmental enhancements and other public goods, thus aiding in the design of effective and credible policies [55]. As previously outlined, the CVM relies on direct inquiries to individuals regarding their WTP for a specific commodity.…”
Section: Methodsmentioning
confidence: 99%