The article discusses how to estimate the economic value of the environment using a method called the hedonic approach. Researchers look at factors like property prices to determine the value of things like parks, views, and clean air. They found that this method can help accurately measure the benefits of environmental projects and regulations. Hedonic pricing can be used to understand how people value different aspects of their surroundings, like access to parks or views of nature. This information can be crucial for policymakers when making decisions about land use and environmental protection.