Given there are many tools to estimate benefits, of the three
different methods we discussed in class (CVM, TCM, hedonic
pricing), indicate:
a. Which are revealed preference and which are stated preference
methods?
b. Which method would you use to capture existence/intrinsic
value of, for example, an endangered species or an old growth
forest?
c. Which method would you use to evaluate the services provided
by green spaces, recreational areas or national parks?
d. Which method would you use to...