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Valuation Tools - Travel Cost Method
This method assumes that the consumer is willing to incur substantial cost (in terms of time or money) to procure certain environmental goods or services.
It has been widely used in developed countries to measure the value of recreational facilities the value of the environmental service, in this case, is equal to the opportunity cost of time spent and the travel cost incurred by the visitors.
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Question 1: " Public policy gives one a better understanding of what governments do, why they do what they do and what difference public policy makes to the lives and circumst
The structural interdependence, in fact, forms the basis for the policy maker's choice behaviour for policy or policy mixes. The spectrum formed by various policy mixes depends on
The essence of a national boundary is separate the ‘self' from the ‘other'. Thus natural boundaries, like all institutions have their own set of internal rules which govern their
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One of these is deregulator or privatization of public enterprises or utilities. Deregulation is a world wide phenomenon. But experience of power failure in California and Mumbai r
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