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Valuing Environmental PreferencesTheory and Practice of the Contingent Valuation Method in the US, EU , and developing Countries$
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Ian J. Bateman and Kenneth G. Willis

Print publication date: 2001

Print ISBN-13: 9780199248919

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0199248915.001.0001

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Contingent Valuation Methodology and the US Institutional Framework

Contingent Valuation Methodology and the US Institutional Framework

(p.613) 18 Contingent Valuation Methodology and the US Institutional Framework
Valuing Environmental Preferences

John B. Loomis

Oxford University Press

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

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