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Benefits and Costs of Natural Resources Policies Affecting Public and Private Lands

Principal Investigator/Project Leader: 
Department of Project: 
Resource Economics Dept.
Project Description: 

Hypothetical bias is a major problem in the economic valuation of ecosystem services. Because of this bias, the estimated value of ecosystem services may often be in error. The purpose of this research is to devise and test an improved method for the elimination of hypothetical bias.