All of the following are examples of revealed preference methods that have been used to estimate the value of environmental quality except _________________.

Question

Quizplus · Accepted Answer

Contingent valuation is not a revealed preference method. It involves asking people directly about their willingness to pay for environmental amenities, rather than observing their behavior in the market. The other options (travel costs, intercity wage differentials, and housing costs) are all revealed preference methods, as they rely on observing how individuals allocate their resources in response to environmental conditions.

All of the Following Are Examples of Revealed Preference Methods