Briefly explain the following concepts: consumers surplus, revealed preference valuation methods, stated preference valuation methods, conjoint rating

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Briefly explain the following concepts: consumers’ surplus, revealed preference valuation methods, stated preference valuation methods, conjoint rating analysis, statistical life, aversive expenditure, use values, option values, bequest values, existence value, total value, commodification of environmental goods, debt-for-nature swaps, and the precautionary principle.

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