Hedonic price

{
  "id": "MLC-T-ENV-013118",
  "term": "Hedonic price",
  "field": "Environment",
  "definition": "Hedonic price, recreational demand or locational choice models may be regarded as “reduced form” representations of ecological production from which the analyst can infer the values individuals ascribe to ecosystem services by observing the choices they make, provided that the analyst can adequately control for potentially confounding factors.",
  "subject": "General environmental",
  "references": [
    "Preparing Economic Analyses Glossary; Economic Analyses Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/hedonic-price/"
}