Veisten, Knut; Hoen, Hans; Strand, Jon - In: Environmental & Resource Economics 29 (2004) 4, pp. 419-433
This paper presents tests of the theoretical validity of the contingent valuation (CV) method. The validity of CV is especially a concern when involving environmental goods with a predominant non-use value. One test of theoretical validity is the adding-up property that implies that a specific...