In your own words, explain how hedonic regressions are used to
price environmental goods. You don’t need to get into the technical
details, just give a conceptual overview of what this technique
accomplishes and how. A paragraph description is sufficient. Also,
what is one of the ways in which this technique might be misused
(i.e., what is a key assumption that is required for hedonic
regression to produce good results, but that might be violated in
practice – say, by...