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Contingent valuation responses and hypothetical bias: mitigation effects of certainty question, cheap talk, and pledging Authoress Yasmin MohammedARTICLE INFOEssam Yasmin Mohammed (2012). Contingent
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Contingent valuation responses refer to a survey-based method used to estimate the value that people place on environmental goods and services.
Individuals and organizations involved in environmental impact assessments and policy-making may be required to file contingent valuation responses.
Contingent valuation responses can be filled out through surveys that present hypothetical scenarios and ask respondents to state their willingness to pay for a particular environmental good or service.
The purpose of contingent valuation responses is to provide policymakers and researchers with data on the economic value that individuals place on environmental resources.
Information on respondents' willingness to pay, demographics, and other relevant factors must be reported on contingent valuation responses.
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