Short Answer (5 points each) 26. When would you choose to use the Hedonic property value method for determining the ben

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Short Answer (5 points each) 26. When would you choose to use the Hedonic property value method for determining the ben

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Short Answer (5 points each)
26. When would you choose to use the Hedonic propertyvalue method for determining the benefits of a proposedproject? What kind of values would you most likely beestimating?
27. What factors would contribute to your decision to usethe Contingent Valuation Method for estimating benefits of aproposed project? What are some of the biases you would wantto look out for using CVM?
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