Abstract
The purpose of this paper is to evaluate the economic value of social capital. Social capital has unique nature - no concrete shape, no price - so that it is difficult to evaluate its economic value. In this paper, this tough task will be overcome by the method of CVM. The willingness to accept is derived from a questionnaire which asks residents a contingent scenario about move from Shizuoka City. At this time, the value of social capital should be separated from the value of, so-called, unity attachment. The result shows that the value of social capital of average respondent in Shizuoka City is 4.3 million yen.
