Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Contingent Valuation Method
In this method we construct a hypothetical market for a particular environmental function. This is an interview-based method where respondents are asked their willingness-to-pay (in monetary terms) for continuation of the environmental function. Alternatively some studies measure the willingness- to-accept for foregoing the environmental function. Here the consumers are compensated for the change in the environmental service. There are certain conceptual problems associated with this method. First, the willingness to pay should not be taken as the willingness to accept; usually the latter is higher than the former.
Moreover, both these terms do not imply the same property rights. Secondly, the persons interviewed are hypothetical consumers. They may not be aware of the benefits of the environmental function. If they were actually asked to make payment, their behaviour would be different. Thus it is sensitive to numerous biases in survey design and implementation. In recent years this method has become quite popular. In Indian situations this method has been applied by Hadker et al. (1997) for measurement of recreational and educational value of Borivli National Park in Mumbai, by James and by Murty (1998) for the cost of water pollution of the river Ganga, and by Murty and Menkhaus (1994) for valuation of ecotourism in Koladeo national park.
summarize the basic tents of the argumentsin this case
what is frugal economy and government economy
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
Consider a case, if an insurance company merges with a bank. We know that insurance company bears risk for insurers. Suppose, after merger, bank gets in some trouble for reasons ot
Consider the model of industry protection of Grossman and Helpman. There are two industries A and B, each producing good X and Y respectively. All other things being equal, the dem
Consider an economy in which George and Harriet consume only ale and bread
Q. Show the Redistribution Policy? We know that despite policy interventions the disparity of income has been increasing in nearly all the countries. United States is highly un
Problem: (a) What do you meant by public policy? What does the study of public policy involve? (b) How are problems that might lead to public policy identified and defined?
what are the principles of public debt?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd