Expanding the Applicability of Non-Market Valuation: Examinations of Deliberative Valuation, Contingent Valuation, and Attribute-Based Pricing

Brian Witt
Many goods and services, particularly environmental goods and services, are not traded in markets or are traded in poorly-functioning markets; thus, they are often undersupplied relative to their demand. A number of non-market valuation methodologies have been developed to estimate realistic prices or values for these non-marketed or quasi-marketed goods and services. However, non-market valuation exercises are often expensive to conduct and necessitate a level of technical expertise that may limit their practical usability with...
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