Author : David A. Moser
Publisher :
Page : 219 pages
File Size : 10,43 MB
Release : 1986
Category :
ISBN :
This report is designed to assist Army Corps of Engineers planners in using the contingent value method (CVM) for the economic evaluation of NED recreation benefits. CVM along with the travel cost method (TCM) are the techniques recommended in Principles and Guidelines for evaluating the economic benefits from the recreational components of Federal water resources investments. For the preparation of this manual, CVM was applied to three case studies of actual Corps District recreation projects. These case studies proved invaluable to understanding the advantages, weakness, difficulties, and potential pitfalls of the CVM. In addition, the case studies provided the basic information presented in the examples used in this report. The chapters of this report are arranged in the basic order necessary to conduct a CVM analysis. Chapter I covers the concepts and background of CVM as an economic evaluation techniques. Succeeding chapters cover the basic areas of: sampling; questionnaire design; survey design (including estimates of survey costs); data analysis procedures and techniques; and, the evaluation of NED benefits. Several examples are used to illuminate the basic process required to correctly apply CVM. Included as an appendix is the list of CVM questionnaires approved by OMB for Corps planning purposes. (Author).