The contingent valuation method involves
A) constructing a hypothetical market
B) designing a valid survey instrument to gather WTP data
C) evaluating the truthfulness of responses
D) all of the above
E) (a) and (c) only

Question

Quizplus · Accepted Answer

The contingent valuation method involves constructing a hypothetical market, designing a valid survey instrument to gather WTP data, and evaluating the truthfulness of responses. Therefore, the correct answer is D, all of the above.

The Contingent Valuation Method Involves