Question
a)Can hedonic estimation reveal existence value, in principle? Explain b) What biases might contingent valuation be potentially subject to? Briefly explain. c) Imagine that there
a)Can hedonic estimation reveal existence value, in principle? Explain
b) What biases might contingent valuation be potentially subject to? Briefly explain.
c) Imagine that there was a serious marine oil spill, from a tanker or offshore oil well. What difference would it make to the measurement of harm, whether existence (nonuse) values were used or not?
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
