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Unlike most stated choice experiments about the valuation of improvements in water quality, this study explicitly accounts for risk in the design and analysis of choice experiments.
This paper contrasts applications of both the contingent valuation (CV) and contingent ranking (CR) methods as applied to a common issue, the valuation of improvements to the water quality of an urban river (the River Tame, running through the city of Birmingham, UK).
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Contingent valuation (CV) uses the stated preference of the individual to elicit the monetary valuation of health improvements.
The externality caused by insurance is reflected in the diverging valuation of quality improvements by different groups of consumers.
At first, commercial property owners agreed to pay 28centss on every $100 of assessed valuation for improvements in the district.
This study provides important information to policy makers about the monetary valuation of patients for improvements in certain attributes of health care in Bangladesh.
For economic evaluation, however, the outcome units used are of limited value because they are incommensurable across disease areas, and incommensurable with the valuation of the duration of the quality improvement, i.e. quality and quantity of life cannot be measured on the same metric.
Factors related to valuation include sense of responsibility, previous knowledge of carbon emissions, previous visits to the sites, regional identification and the valuation of local environmental services (e.g. improvements in local air quality).
Whether or not you plan to sell a home with a licensed real estate broker or agent, most are open to do a market valuation of your property and suggest repairs or improvements that could maximize a sale price.
The findings of our research represent several improvements in the economic valuation of pollination services and highlight many of the shortfalls from assumptions made in past studies.
What kinds of improvements?
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