Ecosystem valuation
Methods to estimate the value of ecosystem services which cannot be derived from market prices include "stated preference" methods and "revealed preference" methods. Stated preference methods, such as the contingent valuation method ask people for their willingness to pay for a certain ecosystem (service). Revealed preference methods, such as hedonic pricing and the travel cost method, use a relation with a market good or service to estimate the willingness-to-pay for the service.