Venkatachalam, L. - In: Journal of Social and Economic Development 5 (2003) 2, pp. 267-284
Contingent Valuation Method (CVM) is a frequently used non-market valuation method of eliciting use values of infrastructural projects in developing countries. The main criticism against it is that it has biases and the results are unreliable. Yet, it is used indiscriminately, especially in the...