TY  - BOOK
AU  - Wang,Hua
AU  - Fang,Ke
AU  - Shi,Yuyan
AU  - Wang,Hua
TI  - Economic valuation of development projects: a case study of a non-motorized transport project in India 
PY  - 2010///
CY  - Washington, D.C.
PB  - The World Bank
KW  - Aircraft
KW  - Aircraft noise
KW  - Airport
KW  - Airport expansion
KW  - Communities and Human Settlements
KW  - Conditions for pedestrians
KW  - Congestion
KW  - Cost-benefit analysis
KW  - Cyclists
KW  - Driving
KW  - Driving costs
KW  - Economic Theory & Research
KW  - Environment
KW  - Environmental Economics & Policies
KW  - Housing & Human Habitats
KW  - Macroeconomics and Economic Growth
KW  - Road
KW  - Road conditions
KW  - Roads & Highways
KW  - Rural transit
KW  - Safety
KW  - Transport
KW  - Transport Economics Policy & Planning
KW  - Transport economists
KW  - Transport projects
KW  - Transport sector
KW  - Transportation
KW  - Urban transport
N2  - One of the major difficulties in doing cost-benefit analysis of a development project is to estimate the total economic value of project benefits, which are usually multi-dimensional and include goods and services that are not traded in the market. Challenges also arise in aggregating the values of different benefits, which may not be mutually exclusive. This paper uses a contingent valuation approach to estimate the economic value of a non-motorized transport project in Pune, India, across beneficiaries. The heads of households which are potentially affected by the project are presented with a detailed description of the project, and then are asked to vote on whether such a project should be undertaken given different specifications of costs to the households. The total value of the project is then derived from the survey answers. Econometric analysis indicates that the survey responses provide generally reasonable valuation estimates
UR  - http://elibrary.worldbank.org/doi/book/10.1596/1813-9450-5422
ER  -