Using Contingent Valuation to Measure the Compensation Required to Gain Community Acceptance of a LULU: The Case of a Hazardous Waste Disposal Facility

The contingent valuation (CV) method was used to measure the compensation required for the siting of a hazardous waste disposal facility. Previous studies using the CV method were examined to determine the importance of subjective risk assessment. A CV survey was conducted to measure willingness to accept (WTA) for siting a hazardous waste disposal facility. Results suggested that CV can be used to estimate a reasonable measure of WTA and has great potential for assessing the compensation required to site a hazardous waste disposal facility.