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Related Goods Approaches - Direct Substitute Approach
In this case the value of a similar good is used for valuation of the natural resource. For example, the value of fuel wood collected by villagers’ from the nearby forests. Here a close substitute would be fuel wood bought from the market or even the value of kerosene or charcoal equivalent to the fuel wood collected.
The accuracy of this method depends upon the extent to which the natural resource and the marketed product used as substitute are similar.
What are the objectives of pubic finance
Q. Political Trans-national Activity? The dynamics resulting from the institutional interdependencies are of major importance for an understanding of the process of political t
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Q. Importance of heterogeneity? The importance of heterogeneity for public policy process can be summarized in two propositions. - Heterogeneity or conflict of interests is
(1) The federal government is considering selling tracts of federally owned land to private developers and using the revenues to provide aid to victims of an earthquake in a foreig
How burden of public debt is transferred to future generations through reduced capital formation?
QUESTION 1 (i) The implementation of e-Government presents a number of challenges to both the Government and citizens. Discuss these challenges using appropriate examples.
strugling with research variables and problem
1.) In what way is insurance for medical loss/illness differ from insurance for any type of property loss?
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