Question: Could a revealed preference method other than travel cost have been used in the Bedford Harbor case to estimate the effects of contamination? Explain how

Could a revealed preference method other than travel cost have been used in the Bedford Harbor case to estimate the effects of contamination? Explain how hedonic pricing or averting behavior approaches might have been used, or why they would not have worked.

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Hedonic pricing might be possible It might involve looking at how property prices change in respo... View full answer

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