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Contingent Ranking Method
This again is an interview-based method. It differs from the contingent valuation method in that it does not ask respondents to put a monetary value on an environmental function.
Rather it asks the respondents to rank a few amenities. Of these amenities, one is viewed as anchor or benchmark against which others are compared.
Since complexity theory as a tool, has not been included in the standard tool kits of our economics courses, it is pertinent to have a basic idea of before proceeding to apply to t
Types of production function
what are the costs and consequences of providing the subsidies and welfare?
3 voters, A, B, and C, will decide by majority rule whether to pass bills on issues X and Y. Every of the two issues will be voted on indiviually. The change in net profits (in dol
A dam is proposed on a stretch of wild river, a river that is currently used for recreation. The dam will generate electricity. The dam will have a useful life of 50 years, after w
Let us now consider a situation in which we know the timing of a change in policy but are unsure about the composition of the future policy. The association of different policy co
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examine the efficiency of quantitative credit control instruments.
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