A Study on the Application of Contingent Valuation Method in the Social Effect Valuation of Shanghai's Urban Mass Transit

Abstract

Abstract:

The social effects of urban mass transit consist of tangible and intangible effects.The latter is quite difficult to be quantitatively estimated when we use the method of market valuation.To solve the problem, the contingent valuation method (CVM) is applied to valuate social effects of urban mass transit.Taken Shainghai's urban mass transit as an example, the result of its social effects valuated by CVM has been proved to be reliable under the method of econometrics.The study indicates that CVM can overcome shortcomings of the traditional market valuation method and provides a scientific way to valuate social effects of urban mass transit.

Key words: contingent valuation method, Shanghai, urban mass transit, social effect, valuation

CLC Number:

F12
TU984

Feng-chun LIN, Jing CHEN. A Study on the Application of Contingent Valuation Method in the Social Effect Valuation of Shanghai's Urban Mass Transit[J]. Journal of East China Normal University (Philosophy and Social Sciences), 2005, 37(1): 48-53.

Figures/Tables 4

References 20

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