Empirical homework in Environmental Economics

1. 10 points) Explain the intuition for why residential housing prices can help us understand how much people value environmental goods.

2. (10 points) Can the travel cost method tell us about a person's non-use value for a recreational area? Why or why not?

3. (10 points) Can the contingent valuation method tell us about a person's non-use value for a recreational area? Why or why not?