A method to assign values to benefits whereby respondents to surveys are asked how much they would be willing-to-pay (WTP), or willing-to-accept (WTA), for some change in non-marketed output.
Contingent Valuation
A method to assign values to benefits whereby respondents to surveys are asked how much they would be willing-to-pay (WTP), or willing-to-accept (WTA), for some change in non-marketed output.