A comparison between TCM and CVM in assessing the recreational use value of urban forestry

@inproceedings{Chaudhry2006ACB,
  title={A comparison between TCM and CVM in assessing the recreational use value of urban forestry},
  author={Pradeep Chaudhry and Vindhya Prasad Tewari},
  year={2006}
}
In a developing country such as India the contingent valuation method (CVM) cannot always provide a correct valuation of recreational use benefits of an environmental resource given the huge size of the parallel economy involving different categories of middle to upper income group families which have the capacity to move as tourists. The ‘participant observation method’ and ‘unstructured interview schedule’ are necessary tools to be used in such cases, in addition to a ‘structured interview… CONTINUE READING