Analytical Methods and Approaches for Water Resources Project Planning (2004) / Chapter Skim
Currently Skimming:
Appendix C: Office of Management and Budget Guidance on Nonmarket Valuation Techniques
Appendix C: Office of Management and Budget Guidance on Nonmarket Valuation Techniques
Pages 134-135
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 134... ...
Estimation of the benefits for these types of goods is even more difficult than for indirectly traded goods, because marketrelated transactions do not exist to provide data for willingness-to-pay estimates. Stated preference methods using survey techniques, such as contingent valuation methods, may provide the only analytical approach currently available for estimating the values of many of these goods, particularly goods providing "nonuse" values.
|
From page 135... ...
Where the analyst elects to use contingent valuation methods, the proposal cautions the analyst to follow several "best practices" to ensure that the resulting estimated values are reasonable and valid. Does the proposal permit agencies to present qualitative information about benefits and costs in situations where quantification is not feasible?
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.