Abstract
This paper aims at the proposal of the cost benefit analysis using Contingent Valuation Method about the village park project, based on the investigation data of 19 parks where the projects were completed. The findings are as follows. Firstly, appraised value by CVM is stable in both investigation and analysis procedures. Secondly, when we calculate an average CV, it is practical to use the method that Boyle et.al. showed. And it is desirable to design the questionnaire including personal income and attribute. Thirdly, the number of household in benefits range influences results of cost benefit analysis greatly. In order to reduce such influence it is effective to divide the benefits range from the similar park on the map. Finally, correlation between the benefit and the construction-and-maintenance cost is very low in the village park project. This suggests that it might be insufficient to apply the current method substituting the construction cost for the environmental benefit of village park.
