Existence Values in Benefit-Cost Analysis and Damage Assessment
Existence values for obscure resources should not be ruled out a priori because consumers have limited time and resources for information gathering. Furthermore, to the extent that environmental "good things" are highly substitutable, existence values must be cautiously interpreted when evaluating public choice alternatives, but similar concerns do not arise in damage assessments. Issues associated with adding up existence values across resources, high per unit values, and property rights in the existence of resources are also addressed.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:68:y:1992:i:4:p:405-417. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.