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Can hedonic estimation reveal existence value

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Reference no: EM133274317

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?

Reference no: EM133274317

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