Academic literature on the topic 'Contingent valuation'

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Journal articles on the topic "Contingent valuation"

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ARAI, TAKUJI. "AN APPROXIMATE APPROACH TO THE EXPONENTIAL UTILITY INDIFFERENCE VALUATION." International Journal of Theoretical and Applied Finance 10, no. 03 (May 2007): 475–503. http://dx.doi.org/10.1142/s0219024907004299.

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We propose, in this paper, a new valuation method for contingent claims, which approximates to the exponential utility indifference valuation. In particular, we treat both ask and bid valuations. In the definition of the exponential utility indifference valuation, we require strong integrability for the underlying contingent claim. The new valuation in this paper succeeds in reducing it by using a kind of power functions instead of the exponential function. Furthermore, we shall investigate some basic properties and an asymptotic behavior of the new valuation.
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Boyle, Kevin J., Michael P. Welsh, Richard C. Bishop, and Robert M. Baumgartner. "Validating Contingent Valuation with Surveys of Experts." Agricultural and Resource Economics Review 24, no. 2 (October 1995): 247–54. http://dx.doi.org/10.1017/s1068280500008893.

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Contingent-valuation estimates for white-water boating passengers are compared with Likert ratings by river guides. The approach involves asking whether passengers and their guides ordinally rank alternative flows the same. The National Oceanic and Atmospheric Administration's Contingent Valuation Panel (1993) suggested “one might want to compare its (contingent-valuation's) outcome with that provided by a panel of experts.” River guides constitute a counterfactual panel of “experts.” For commercial trips, optimum flows are 34,000 cfs and 31,000 cfs for passengers and guides, and the comparable figures for private trips are 28,000 cfs and 29,000 cfs. In the NOAA Panel framework, passengers can evaluate the consequences of various river flows and translate this into contingent-valuation responses.
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Champ, Patricia A., Nicholas E. Flores, Thomas C. Brown, and James Chivers. "Contingent Valuation and Incentives." Land Economics 78, no. 4 (November 2002): 591–604. http://dx.doi.org/10.2307/3146855.

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BAMBER, B. R., and G. A. KHOURY. "CONTINGENT VALUATION OF LANDSCAPE." Proceedings of the Institution of Civil Engineers - Transport 135, no. 4 (November 1999): 185–94. http://dx.doi.org/10.1680/itran.1999.31996.

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Johnson, Bruce K., Michael J. Mondello, and John C. Whitehead. "Contingent Valuation of Sports." Journal of Sports Economics 7, no. 3 (August 2006): 267–88. http://dx.doi.org/10.1177/1527002504272943.

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Randall, Alan. "Contingent valuation: an introduction." Landscape Research 19, no. 1 (March 1994): 12–14. http://dx.doi.org/10.1080/01426399408706413.

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Johannesson, Magnus. "The Contingent-valuation Method." Medical Decision Making 13, no. 4 (December 1993): 311–12. http://dx.doi.org/10.1177/0272989x9301300407.

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Baron, Jonathan. "Contingent valuation: Flawed logic?" Science 357, no. 6349 (July 27, 2017): 363.1–363. http://dx.doi.org/10.1126/science.aan6594.

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Hoehn, John P. "Contingent Valuation in Fisheries Management: The Design of Satisfactory Contingent Valuation Formats." Transactions of the American Fisheries Society 116, no. 3 (May 1987): 412–19. http://dx.doi.org/10.1577/1548-8659(1987)116<412:cvifm>2.0.co;2.

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Mazza, Francesca. "La valutazione economica delle risorse culturali. Un'applicazione della Contingent Valuation." RIV Rassegna Italiana di Valutazione, no. 42 (July 2009): 107–22. http://dx.doi.org/10.3280/riv2008-042007.

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-The case study examines the economic aspects of cultural heritage conservation and deals the valuation of economic value in monetary terms, using the application of the contingent valuation method to the castle of Nicastro (Catanzaro, Italy). For the construction of the hypothetical market and the selection criteria and approach to subjects of the statistic sample, the proposed solutions work with operative adjustments, dictated by the characteristics of the resource in question and in general for all cultural resources. The study has produced reliable answers to questions of willingness to pay, expressing the measure of the different components of the value (use value and existence value) contribute to the composition of the total economic value. The study allowed to verify the possibility of using the contingent valuation as a political tool. The particular question format, which combines ‘double bounded dichotomous choice' and ‘open ended' techniques has allowed us to take a sensitivity analysis, defining the measure of willingness to pay.Key words: evaluation cultural resource, contingent valuation method, willingness to payParole chiave: valutazione, beni culturali, metodo di valutazione contingente, disponibilitŕ a pagare
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Dissertations / Theses on the topic "Contingent valuation"

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Back, Alexander, and William Keith. "Valuation of Contingent Convertible Bonds." Thesis, KTH, Matematisk statistik, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-188984.

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Contingent convertible bonds are hybrid capital instruments, contingent on some form of indicator of financial distress of the issuing bank. Following the financial crisis, these instruments are proposed as a solution to the moral hazard issue of banks too big to fail. With the increased capital requirements of the Basel III directive, contingent capital enables banks to increase their capitalization without issuing expensive equity. Also, in times of historically low interest rates, these instruments might be interesting for investors in search of higher yields, as well as long term investors wanting to implement countercyclical investment strategies. However, due to the high complexity of these instruments, valuation has proven diffcult. The purpose of this thesis is to value instruments contingent on the bank's common equity tier 1 to risk-weighted assets ratio. We build our model upon the work of Glasserman & Nouri (2012), and extend it to include contingency on risk-weighted assets, instant non-continuous conversion to equity, and a combination of fixed imposed loss and fixed conversion price as terms of conversion. We use a capital structure model in continuous time to define asset dynamics, asset claims and the event of conversion and liquidation of the bank. Thereafter we use two important results from Glasserman & Nouri (2012) to value the discounted cash flows to holders of debt and contingent debt. From this, we arrive at closed form solutions for the coupon rates of these securities.
Contingent convertible bonds (villkoradeobligationer) är hybrida kapitalinstrument som beror på någon form av indikator på finansiell instabilitet i den emitterande banken. Efter finanskrisen har dessa finansiella produkter föreslagits som en lösning på dilemmat som uppstår när banker är för stora för att låtas gå omkull. Villkorade obligationer är en väg för banker att ta in kapital och uppfylla de ökade kapitalkrav som ställs av direktiven i Basel III utan att emittera kostsamt aktiekapital. I dessa tider av historiskt låga räntesatser är den relativt höga avkastning, tillsammans med de kontracykliska effekter produkterna ger dessutom intressanta för många investerare. Att värdera dessa produkter har dock visat sig svårt då de är mycket komplexa. Syftet med denna uppsats är att värdera villkorade obligationer som beror på relationen mellan bankens kärnprimärkapital och riskviktade tillgångar. Vi använder omvandling till aktiekapital som förlustabsorberingsmekanism och använder en kombination av fixerade konverteringspris och fixerade ålagda förluster som villkor för konversion. Vi använder en kapitalstrukturell modell i kontinuerlig tid för att definiera tillgångarnas rörelser, fordringar på tillgångarna och händelsen av konversion av kontraktet eller likvideringen av banken. Därefter använder vi två viktiga resultat från Glasserman & Nouri (2012) för att värdera de diskonterade kassaflöden till ägaren av obligationer och villkorade obligationer. Från detta hittar vi analytiska lösningar för storleken av kupongräntorna på obligationerna, villkorade som normala.
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Baarsma, Barbara Elisabeth. "Monetary valuation of environmental goods alternatives to contingent valuation /." [Amsterdam : Amsterdam : Thela Thesis] ; Universiteit van Amsterdam [Host], 2000. http://dare.uva.nl/document/83364.

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Liu, Chih-Chen. "Three essays on contingent valuation method." [Ames, Iowa : Iowa State University], 2008.

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Schläpfer, Felix. "The contingent valuation of public goods revisited /." Zürich, 2007. http://opac.nebis.ch/cgi-bin/showAbstract.pl?sys=000253366.

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Vadnjal, Dan. "Environmental conflict, contingent valuation and porperty rights." Thesis, University of Cambridge, 1995. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.363870.

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Zanetta, Mar?ia Cecilia. "Essays in contingent valuation of urban services /." The Ohio State University, 1993. http://rave.ohiolink.edu/etdc/view?acc_num=osu1487842372896167.

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Hudson, Sara P. "Using contingent valuation data to simulate referendums." Thesis, This resource online, 1992. http://scholar.lib.vt.edu/theses/available/etd-03302010-020112/.

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Frykblom, Peter. "Questions in the contingent valuation method : five essays /." Uppsala : Swedish Univ. of Agricultural Sciences (Sveriges lantbruksuniv.), 1998. http://epsilon.slu.se/avh/1998/91-576-5511-1.gif.

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Wilson, Benjamin John Morley. "Eliciting preservation values using the contingent valuation method /." Title page, table of contents and abstract only, 1993. http://web4.library.adelaide.edu.au/theses/09EC/09ecw7462.pdf.

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Yin, Wen Xun. "Credit contingent claims valuation under imperfect market conditions." Thesis, Imperial College London, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.271663.

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Books on the topic "Contingent valuation"

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Anna, Alberini, and Kahn James R, eds. Handbook on contingent valuation. Cheltenham, UK: E. Elgar Pub., 2006.

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Carson, Richard T. Three essays on contingent valuation. Ann Arbor: University Microfilms International, 1986.

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A, Hausman Jerry, ed. Contingent valuation: A critical assessment. Amsterdam: North-Holland, 1993.

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J, Kopp Raymond, Pommerehne Werner W, and Schwarz Norbert Dr phil, eds. Determining the value of non-marketed goods: Economics, psychological, and policy relevant aspects of contingent valuation methods. Boston: Kluwer Academic Publishers, 1997.

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Kartman, Bernt. The contingent valuation method: A contribution to the discussion. Göteborg: Nationalekonomiska institutionen, Handelshögskolan vid Göteborgs universitet, 1997.

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Kim, Kang-su. Yangbun sŏnt'aekhyŏng chokŏnbu kach'i ch'ŭkchŏng mohyŏng e issŏsŏ chibul kŏbu ŭngdap charyo ch'ŏri e kwanhan yŏn'gu. Sŏul T'ŭkpyŏlsi: KDI, 2011.

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Micalo, Pere Riera. Manual de valoración contingente. Madrid: Ministerio de Economía y Hacienda, 1994.

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Nocera, Sandra, Harry Telser, and Dario Bonato. The Contingent Valuation Method in Health Care. Boston, MA: Springer US, 2003. http://dx.doi.org/10.1007/978-1-4419-9133-1.

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Wattage, Premachandra. A targeted literature review - contingent valuation method. Portsmouth: University of Portsmouth, Centre for the Economics and Management of Aquatic Resources, 2001.

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Hanley, N. D. Using contingent valuation to value environmental improvements. Stirling: University of Stirling, 1986.

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Book chapters on the topic "Contingent valuation"

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Cropper, Maureen L., and Anna Alberini. "Contingent Valuation." In The New Palgrave Dictionary of Economics and the Law, 420–25. London: Palgrave Macmillan UK, 2002. http://dx.doi.org/10.1007/978-1-349-74173-1_83.

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Cameron, Trudy Ann. "Contingent Valuation." In The New Palgrave Dictionary of Economics, 2178–84. London: Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_2391.

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Cameron, Trudy Ann. "Contingent Valuation." In The New Palgrave Dictionary of Economics, 1–6. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_2391-1.

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Ammann, Manuel. "Contingent Claim Valuation." In Lecture Notes in Economics and Mathematical Systems, 13–45. Berlin, Heidelberg: Springer Berlin Heidelberg, 1999. http://dx.doi.org/10.1007/978-3-662-22330-7_2.

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Ammann, Manuel. "Contingent Claim Valuation." In Springer Finance, 13–45. Berlin, Heidelberg: Springer Berlin Heidelberg, 2001. http://dx.doi.org/10.1007/978-3-662-06425-2_2.

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Armbrecht, John, and Tommy D. Andersson. "Contingent valuation method." In Encyclopedia of Tourism, 189–90. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-01384-8_600.

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Johansson, Per-Olov. "Contingent Valuation or QALYs." In Studies in Risk and Uncertainty, 61–73. Dordrecht: Springer Netherlands, 1999. http://dx.doi.org/10.1007/978-94-011-4415-5_5.

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Boyle, Kevin J. "Contingent Valuation in Practice." In A Primer on Nonmarket Valuation, 111–69. Dordrecht: Springer Netherlands, 2003. http://dx.doi.org/10.1007/978-94-007-0826-6_5.

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Boyle, Kevin J. "Contingent Valuation in Practice." In A Primer on Nonmarket Valuation, 83–131. Dordrecht: Springer Netherlands, 2017. http://dx.doi.org/10.1007/978-94-007-7104-8_4.

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Armbrecht, John, and Tommy D. Andersson. "Contingent valuation method, tourism." In Encyclopedia of Tourism, 1–2. Cham: Springer International Publishing, 2014. http://dx.doi.org/10.1007/978-3-319-01669-6_600-1.

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Conference papers on the topic "Contingent valuation"

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Scaringella, Angela. "Regression Trees and Contingent Valuation." In Fourth International Conference on Fuzzy Systems and Knowledge Discovery (FSKD 2007). IEEE, 2007. http://dx.doi.org/10.1109/fskd.2007.466.

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Razali, Muhammad, Rohaya Jalil, Muaz Muzir, and Muhammad Hamid. "A proposed of ecosystem valuation approach for river using Contingent Valuation." In 29th Annual European Real Estate Society Conference. European Real Estate Society, 2023. http://dx.doi.org/10.15396/eres2023_25.

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BATZIAS, DIMITRIS F. "CONTRIBUTION TO ENVIRONMENTAL CONTINGENT VALUATION – METHODOLOGY AND CASE STUDY." In Proceedings of the International Conference on ICMMS 2008. IMPERIAL COLLEGE PRESS, 2010. http://dx.doi.org/10.1142/9781848165106_0066.

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Huang, Yijun, and Tong Lu. "Valuation of Personal Information in the E-commerce Websites based on Contingent Valuation Method." In the 8th International Conference. New York, New York, USA: ACM Press, 2017. http://dx.doi.org/10.1145/3157754.3157763.

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"Estimating the value of green infrastructure: A contingent valuation approach." In 19th Annual European Real Estate Society Conference: ERES Conference 2012. ERES, 2012. http://dx.doi.org/10.15396/eres2012_283.

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Costa, O. L. V., and E. V. Queiroz Filho. "Contingent claim valuation with penalty costs on short selling positions." In COMPUTATIONAL FINANCE 2006. Southampton, UK: WIT Press, 2006. http://dx.doi.org/10.2495/cf060151.

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Dott, Dawn R., S. C. Wirasinghe, and Amit Chakma. "Putting the Environment Into the NPV Calculation: Quantifying Pipeline Environmental Costs." In 1996 1st International Pipeline Conference. American Society of Mechanical Engineers, 1996. http://dx.doi.org/10.1115/ipc1996-1941.

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Pipeline projects impact the environment through soil and habitat disturbance, noise during construction and compressor operation, river crossing disturbance and the risk of rupture. Assigning monetary value to these negative project consequences enables the environment to be represented in the project cost-benefit analysis. This paper presents the mechanics and implications of two environmental valuation techniques: (1) the contingent valuation method and (2) the stated preference method. The use of environmental value at the project economic-evaluation stage is explained. A summary of research done on relevant environmental attribute valuation is presented and discussed. Recommendations for further research in the field are made.
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Alvarado Núñez, Vanessa Fiorella, Juan Andrés Santa Cruz Mogollón, Jose Antonio Taquía Gutiérrez, and Juan Manuel Machuca De Pina. "Willingness to pay for second generation bioethanol: a contingent valuation approach." In 5th African International Conference on Industrial Engineering and Operations Management. Michigan, USA: IEOM Society International, 2024. http://dx.doi.org/10.46254/af05.20240167.

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Safri, Muhammad, and Nurhayani. "Analysis of Economic Valuation Using Contingent Valuation Method: The Development of National Park of Kerinci Seblat, Jambi." In 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200305.067.

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"Contingent Valuation: How Accurate is it when Valuing Impacts on Property Values?" In 20th Annual European Real Estate Society Conference: ERES Conference 2013. ÖKK-Editions, Vienna, 2013. http://dx.doi.org/10.15396/eres2013_75.

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Reports on the topic "Contingent valuation"

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Sajise, Asa Jose, Jindra Nuella Samson, Lotis Quiao, Jasmin Sibal, David Raitzer, and Dieldre Harder, eds. Contingent Valuation of Nonmarket Benefits in Project Economic Analysis:. Manila, Philippines: Asian Development Bank, December 2021. http://dx.doi.org/10.22617/tcs210514-2.

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Darling, Arthur H., Diego J. Rodríguez, Clifford S. Russell, and William J. Vaughan. Willingness to Pay: Referendum Contingent Valuation and Uncertain Project Benefits. Inter-American Development Bank, June 1999. http://dx.doi.org/10.18235/0008879.

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This study uses contingent valuation (CV) methods to estimate the benefit of an environmental water quality project of the Tietê River and its tributaries that flow through the São Paulo, Brazil, Metropolitan Area (SPMA). This paper demonstrates the range alternative central tendency measures for WTP produced under alternative parametric and nonparametric approaches using data gathered from a recent referendum CV survey that was conducted in Brazil to analyze a large, multi-phase water quality improvement project. It explains why one of the most commonly used measures, the unrestricted mean of the conditional inverse distribution function of WTP, may be less desirable and more computationally intensive than simpler alternatives like the nonparametric mean of the marginal inverse distribution function.
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Desvousges, William, F. Reed Johnson, Richard Dunford, Kevin Boyle, Sara Hudson, and K. Nicole Wilson. Measuring Nonuse Damages Using Contingent Valuation: An Experimental Evaluation of Accuracy. Research Triangle Park, NC: RTI Press, September 2010. http://dx.doi.org/10.3768/rtipress.2009.bk.0001.1009.

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Cawley, John. Contingent Valuation Analysis of Willingness to Pay To Reduce Childhood Obesity. Cambridge, MA: National Bureau of Economic Research, September 2006. http://dx.doi.org/10.3386/w12510.

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Rodríguez, Diego J., and William J. Vaughan. A Note on Obtaining Welfare Bounds in Referendum Contingent Valuation Studies. Inter-American Development Bank, March 2000. http://dx.doi.org/10.18235/0008802.

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In this note, the authors detail the mechanics of the nonparametric mean and variance calculations of finding willingness to pay (WTP) estimates. There are (at least) three nonparametric estimators of mean WTP that can be obtained from referendum CV survey data. The logic behind all three nonparametric estimators is the same.
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Ludwig, Jens, and Philip Cook. The Benefits of Reducing Gun Violence: Evidence from Contingent-Valuation Survey Data. Cambridge, MA: National Bureau of Economic Research, June 1999. http://dx.doi.org/10.3386/w7166.

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Darling, Arthur H., and William J. Vaughan. The Optimal Sample Size for Contingent Valuation Surveys: Applications to Project Analysis. Inter-American Development Bank, April 2000. http://dx.doi.org/10.18235/0008824.

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One of the first questions that has to be answered in the survey design process is "How many subjects should be interviewed?" The answer can have significant implications for the cost of project preparation, since in Latin America and the Caribbean costs per interview can range from US$20 to US$100. Traditionally, the sample size question has been answered in an unsatisfactory way by either dividing an exogenously fixed survey budget by the cost per interview or by employing some variant of a standard statistical tolerance interval formula. The answer is not to be found in the environmental economics literature. But, it can be developed by adapting a Bayesian decision analysis approach from business statistics. The paper explains and illustrates, with a worked example, the rationale for and mechanics of a sequential Bayesian optimization technique, which is only applicable when there is some monetary payoff to alternative courses of action that can be linked to the sample data.
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McConnell, Kenneth E. Issues in Estimating Benefits with Non-Market Methods. Inter-American Development Bank, August 1995. http://dx.doi.org/10.18235/0010945.

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This paper reviews modern techniques for estimating the benefits of goods which are not bought and sold in markets, paying special attention to the kinds of empirical studies that applied economists have faced in analyzing recent projects. The methods which are described and evaluated include Contingent Valuation, Hedonics, Travel Cost, and Random Utility Models.
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Quiroga, Ricardo, William J. Vaughan, and Sergio Ardila. A Review of the Use of Contingent Valuation Methods in Project Analysis at the Inter-American Development Bank. Inter-American Development Bank, December 1998. http://dx.doi.org/10.18235/0011572.

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This paper (ENV-126) was originally presented at a National Science Foundation Workshop on Alternatives to Traditional Contingent Valuation Methods in Environmental Valuation, held at Vanderbilt University, Nashville Tennessee, on October 15-16, 1998. This paper reviews the past ten years of the Inter-American Development Bank's experience with stated preference methods, concentrating on their use in the cost-benefit analysis of projects supplying sewer service and improving ambient water quality in Latin America and the Caribbean. It reports the range of willingness to pay estimates involved, and comments on some of the most important economic analysis issues that appear to have arisen. Among these are the effect that alternative econometric specifications of the choice model can have on our estimates of average (or median) household willingness to pay derived from referendum CV surveys, the need to match what any investment project purports to achieve in a CV survey to what it will actually achieve in practice, and the role of sensitivity analysis in portraying the distribution of expected gross and net project benefits.
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Wagner, Rodrigo. Mechanism for Market Valuation of State-Owned Enterprises without Privatization. Inter-American Development Bank, July 2017. http://dx.doi.org/10.18235/0007032.

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State-owned enterprises (SOEs), including state-owned banks, can be both systemically and politically important for many economies. While many of these firms have been privatized in recent decades, for various political or practical reasons many are likely to remain 100 percent state-owned, which prevents them from obtaining a market-based valuation. Having a market signal for the value of SOEs could be desirable because it could help: (i) inform the treasury of the net present value (NPV) of expected cash flows; (ii) impose some discipline on management; (iii) signal changes in capture by entrenched groups; and (iv) value discoveries and R&D that are slow to show up in cash flows. This paper presents a novel mechanism to create a market value for SOEs that cannot have publicly traded equity. It is based on the idea that parties, potentially independent from the SOE, can trade contingent financial claims for the future cash flows that an SOE pays to the government. Technically, it is a set of Arrow-Debreu securities that can mimic the SOE’s cash flows. The document discusses various ways to implement this principle, as well as the potential challenges and some answers to these challenges. Preliminary calculations show that issuing claims equivalent to 5 to 10 percent of salient Latin American SOEs could be sizeable to get analyst coverage and liquidity, without compromising state ownership of assets and decisions.
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