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On the relation between ecosystem services, intrinsic value, existence value and economic valuation

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  • Davidson, Marc D.
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    Abstract

    Various attempts have been made to amalgamate the concepts of intrinsic value and ecosystem services, often with a stop-over at the economic concept of existence value. These attempts are based on a confusion of concepts, however. In this article, two types of non-use values are distinguished: warm glow value, related to the satisfaction people may derive from altruism towards nature, and existence value, related to the satisfaction people may derive from the mere knowledge that nature exists and originating in the human need for self-transcendence. As benefits to humans, warm glow and existence values can be considered ecosystem services. Neither warm glow value nor existence value represents benefits to nature itself, however. Intrinsic value lies outside the scope of the wide palette of ecosystem services.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0921800913002875
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    Bibliographic Info

    Article provided by Elsevier in its journal Ecological Economics.

    Volume (Year): 95 (2013)
    Issue (Month): C ()
    Pages: 171-177

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    Handle: RePEc:eee:ecolec:v:95:y:2013:i:c:p:171-177

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    Web page: http://www.elsevier.com/locate/ecolecon

    Related research

    Keywords: Intrinsic value; Existence value; Economic valuation; Cost–benefit analysis; Ecosystem services; Benefit transfer;

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