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Article
Contingent Valuation and Cultural Resources: A Meta-Analytic Review of the Literature
Journal of Cultural Economics (2003)
  • Douglas S Noonan, Georgia Institute of Technology
Abstract
Contingent valuation methodology (CVM) has been increasingly applied to cultural resources. CVM employs survey methods to gather stated preference information, which can be used to estimate economic values of various cultural resources and projects. Although popular in other fields, the application of CVM in the cultural arena is relatively recent. This article summarizes this growing body of empirical literature and its range of findings. A meta-analysis gives a statistical view of the ``state of the art'' of the literature. This preliminary analysis sheds light on the consistency and validity of the use of this method in cultural applications.
Keywords
  • cultural economics,
  • nonmarket valuation
Publication Date
2003
Citation Information
Douglas S Noonan. "Contingent Valuation and Cultural Resources: A Meta-Analytic Review of the Literature" Journal of Cultural Economics Vol. 27 Iss. 3-4 (2003)
Available at: http://works.bepress.com/doug_noonan/14/