The contingent valuation method used by the researchers very widely but still I am unable to understand kindly give sample example and questionare
Dear Chand;
Before you can decide to use the contingent valuation methods, it is worth clarifying your objectives and mostly the context (including the nature of the goods being analyzed) which you intend to apply the WTP methods. There exist several methods, including contingent valuation that you need to review and make your choice accordingly. I have come across an interesting review of WTP methods and you can check at: http://michael.hahsler.net/research/wtp_innovative_marketing2006/wtp_breidert_hahsler_reutterer_preprint.pdf
As you know, economic agent can be preference can be revealed or stated, depending on the nature (public, quasi-public, private) of the good be analyzed.
dear chand
you can see cvm in my papers which are found in my page in the research gate page. i think you will find answers for your questions if you study them.
Article Measuring the economic values of natural resources along a f...
Article Application of Economic Valuation Method in the Environmenta...
Use logit to determine the factors influencing willingness to pay. While tobit can be used to determine the amount to pay
The model you use can be decided based on the assumptions and data availability. usually we get qualitative data in such research issues (WTP). we may use logit model.
thanks
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