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CONTINGENT VALUATION

Statistics Directorate    
French Equivalent: Estimation contingente

Definition:
Contingent valuation refers to the method of valuation used in cost—benefit analysis and environmental accounting. It is conditional (contingent) on the construction of hypothetical markets, reflected in expressions of the willingness to pay for potential environmental benefits or for the avoidance of their loss.

Context:
Valuation method where hypothetical situations are presented to a representative sample of the relevant population in order to elicit statements about how much they would be willing to pay for specific environmental services.

United Nations, European Commission, International Monetary Fund, Organisation for Economic Co-operation and Development, World Bank , 2005, Handbook of National Accounting: Integrated Environmental and Economic Accounting 2003, Studies in Methods, Series F, No.61, Rev.1, Glossary, United Nations, New York, para. 9.92.

Source Publication:
Glossary of Environment Statistics, Studies in Methods, Series F, No. 67, United Nations, New York, 1997.

Cross References:
Valuation of natural assets

Statistical Theme: Environmental statistics

Created on Tuesday, September 25, 2001

Last updated on Monday, July 04, 2005