Natural Resources: Assessing Nonmarket Values through Contingent Valuation

This report provides background on the nonmarket value of natural resources and the strengths and weaknesses of contingent valuation for estimating such values.Nonmarket values are increasingly being recognized as important in natural resource damage assessments and decisionmaking.This report describes contingent valuation, a survey technique often used to estimate nonmarket values, and examines its strengths and weaknesses.This report will not be updated.