|Within Vocab||MEDIN ecosystem valuation methods|
|Preferred Label||Hedonic pricing|
|Definition||Uses information about how much people pay for houses or other directly-purchased items with specific environmental attributes (e.g., visibility, proximity to amenities or disamenities) to infer how much they value changes in those attributes. A revealed preference method.|
Direct economic valuation methods
|Has Current Version||http://vocab.nerc.ac.uk/collection/M10/current/13/1/|
|Authored On||2013-11-14 10:15:17|
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