This is a comprehensive and up-to-date treatment of the Contingent Valuation Method (CVM) which asks what people would be willing to pay for an environmental good or attribute, or willing to accept for its loss. CVM is currently central to the assessmentof environmental damage and has been the subject of considerable debate, especially in the case of the Exxon Valdez disaster in Alaska. Aimed at specialists, this book contains specially commissioned papers from both sides of that debate, as well as fromcommentators who see it as an interesting experimental tool regardless of the question of absolute validity of estimates.

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