Contingent Valuation Methodology: Evaluation of Benefits of Improving Water Quality in the Lake Tai Region

Authors

Zongda Tu, Illinois Wesleyan UniversityFollow

Abstract

Environmental economics is a relatively new field in the subject of economics. While the developing countries are growing and developing rapidly, the conflict between economic development and environmental preservation is becoming more and more irreconcilable. This methodology paper addresses the relationship between the water quality in the Lake Tai Region in China and economic benefits, and presents the contingent valuation methdology (CVM) to evaluate benefits.

Recommended Citation

Tu, Zongda (2013) "Contingent Valuation Methodology: Evaluation of Benefits of Improving Water Quality in the Lake Tai Region," Undergraduate Economic Review: Vol. 10: Iss. 1, Article 8.
Available at: https://digitalcommons.iwu.edu/uer/vol10/iss1/8