Difference between revealed and stated preference methods

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Questions -

A) What is the difference between revealed and stated preference methods? What are examples of each?

B) Why is there a negative relationship with travel cost and number of trips with the travel cost method?

C) What is the hedonic pricing model? How could a value in forestry economics be valued using this method?

Please give me the correct answer with explanation. Please don't forget to provide conclusion as it is mandatory.

Reference no: EM133277292

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