Business, 24.03.2020 06:17 akepa

For each of the scenarios below, please state which of the valuation methods would be best used (hedonic property, hedonic wage, travel cost or contingent valuation) to elicit the values discussed in the scenario and why.
1. The National Park Service wants to estimate the total value of Buffalo River to all those who travel to the river from Oklahoma several times a year.
2. Arkansas wants to estimate the use value of the Mississippi River to those who visit the river from Oklahoma one or more times a year.
3. The City of Bentonville wants to estimate the use value of Orchards Park to all of the residents of Bentonville. Orchards Park is often congested on summer weekends.

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For each of the scenarios below, please state which of the valuation methods would be best used (hed...

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