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INFORMATION IMPACTS ON STATED VS. REVEALED PREFERENCE VALUATION OF ENVIRONMENTAL QUALITY
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Abstract
A database is used that combines survey and housing variables to compare stated willingness to pay (WTP) to revealed WTP to avoid living in proximity to a land -ll. The results suggest that stated WTP is closer to that predicted by the hedonic for knowledgeable homebuyers than for ignorant homebuyers.Environmental Economics and Policy,