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- W1507782512 abstract "Many studies have been conducted to measure so-called existence and bequest values (non-use values) of environmental goods, works of art, or monuments of cultural heritage. This paper proves that a common notion of existence value is inconsistent with generally acknowledged principles in economic methodology and economics. Moreover it is argued that the bequest value may cause a severely biased valuation. Hence, nonuse values should not be used to evaluate public projects. Instead, it is important to take into account all present and future, actual and potential use values of a good." @default.
- W1507782512 created "2016-06-24" @default.
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- W1507782512 date "2005-01-01" @default.
- W1507782512 modified "2023-09-26" @default.
- W1507782512 title "Why non-use values should not be used" @default.
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