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Measurement of use value and non-use value of environmental quality consistent with general equilibrium approach

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  • Naoki Sakamoto
  • Kazunori Nakajima

Abstract

This paper proposes the consistent method with general equilibrium models to measure use value and non-use value of large-scale change in environmental quality. First, we develop a general equilibrium model that parameters of the utility function with environmental quality as a dependent variable can be estimated on the basis of the travel cost method and the contingent variation method. Second, we examine to identify the general equilibrium impact of environmental quality by a comparative static analysis. Third, considering change in prices and income, we decompose the benefits from change in environmental quality into use value and non-use value. JEL Classifications: C68, Q51, Q54 Keywords: Computable general equilibrium models;Use value; Non-use value

Suggested Citation

  • Naoki Sakamoto & Kazunori Nakajima, 2014. "Measurement of use value and non-use value of environmental quality consistent with general equilibrium approach," ERSA conference papers ersa14p1105, European Regional Science Association.
    • Handle: RePEc:wiw:wiwrsa:ersa14p1105
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    References listed on IDEAS

    as
    1. Kazunori Nakajima & Naoki Sakamoto, 2013. "General Equilibrium Approach consistent with Travel Cost Method for Economic Evaluation of Beach Erosion by Climate Change," ERSA conference papers ersa13p479, European Regional Science Association.
    2. Hanemann, W. Michael, 1993. "Three Approaches to Defining "Existence" or "Non-Use" Value under Certainty," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt5nb5n99r, Department of Agricultural & Resource Economics, UC Berkeley.
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      More about this item

      Keywords

      computable general equilibrium models; use value; non-use value;
      All these keywords.

      JEL classification:

      • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
      • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
      • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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