Economists tend to favor revealed preference methods of


Economists tend to favor revealed preference methods of valuing non-marketed goods like environmental quality and natural resources. What are two reasons why revealed preference methods may lead to poor estimates of these values? What is the main advantage of stated preference methods relative to revealed preference methods? What are two reasons these methods may not lead to accurate estimates of environmental and natural resource values?

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Business Economics: Economists tend to favor revealed preference methods of
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