Chapter

Contingent Valuation Methodology and the US Institutional Framework

John B. Loomis

in Valuing Environmental Preferences

Published in print November 2001 | ISBN: 9780199248919
Published online November 2003 | e-ISBN: 9780191595950 | DOI: http://dx.doi.org/10.1093/0199248915.003.0018
 Contingent Valuation Methodology and the US Institutional Framework

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Contingent valuation has been used officially and unofficially by Federal and State agencies in the USA for a number of decades, although its use accelerated in the early 1980s. The results of CV studies have guided resource regulation and environmental protection, and they have been accepted by Courts in legal cases. Contingent valuation is one of the recognized valuation methods employed in assessments under the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) (1980).

Keywords: CERCLA; Contingent valuation; Cost‐benefit analysis; Department of Interior; NOAA; US Forest Service

Chapter.  6345 words. 

Subjects: Economic Development and Growth

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