Discussion

The readings for this module cover two benefit measurement methods: contingent valuation and economic valuation. Both methods reveal the willingness of people or firms to pay for pollution controls.

Describe which of these is the best valuation method for the environmental phenomenon or issue you are exploring in your final project(Soil Pollution). Remember that you will select between revealed preferences and stated preferences. Post the process you will use for determining which of these preferences is best, along with any associated assumptions you have made. Then post the type of valuation method used in your environmental economic situation and a possible alternative or additional method.