Unformatted text preview: • 40,000 for ecosystem protection • a value of an ecosystem cant be measured (subjective) NO • putting value is inadequate and misleading • techniques to give values • conventional market approaches--• household production functions • hedonic pricing - market price • experimental methods cost-benefit analysis bad because it is dependent on a single scale of values . contingent evaluation 3 reasons why its bad to use...
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- Fall '07
- COST-BENEFIT ANALYSIS examples, high benefit willingness