In order to apply the contingent-valuation method to heritage assets it is necessary to decide whether or not leisure time should be charged at an individual's wage rate.

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The contingent-valuation method (CVM) primarily focuses on estimating the economic value of non-market resources, such as heritage assets, by surveying individuals about their willingness to pay for the preservation or use of these assets. It does not require assigning a monetary value to leisure time or charging it at an individual's wage rate.

In Order to Apply the Contingent-Valuation Method to Heritage Assets