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On Measuring Existence Value

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  • Douglas M. Larson

Abstract

The prevailing consensus that existence value can only be measured by contingent valuation is questioned. The concern is over "pure" existence value, a change in welfare when a public good changes that leaves no trace in behavior. Pure existence value may well be more a consequence of the simple models used to characterize nonuse value than a reflection of how people value public goods. If so, nonuse value can in principle be obtained from observing behavior as well as from asking questions, which offers a prospect for cross-checks and corroboration using both approaches. Some possibilities for empirical measurement are suggested.

Suggested Citation

  • Douglas M. Larson, 1993. "On Measuring Existence Value," Land Economics, University of Wisconsin Press, vol. 69(4), pages 377-388.
    • Handle: RePEc:uwp:landec:v:69:y:1993:i:4:p:377-388
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    Cited by:

    1. Hertzler, Greg, 2008. "Dynamic Contingent Valuation and Choice Modelling for Ecosystem Services," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6024, Australian Agricultural and Resource Economics Society.
    2. Thiele, R., 1996. "Zur ökonomischen Bewertung tropischer Regenwälder," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 32.
    3. Élia Pires-Marques & Cristina Chaves & Lígia M. Costa Pinto, 2021. "Biophysical and monetary quantification of ecosystem services in a mountain region: the case of avoided soil erosion," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(8), pages 11382-11405, August.
    4. repec:sae:envval:v:10:y:2001:i:3:p:331-359 is not listed on IDEAS
    5. Ronald Cummings & Glenn Harrison, 1995. "The measurement and decomposition of nonuse values: A critical review," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(3), pages 225-247, April.
    6. R. Simpson, 2007. "David Pearce and the economic valuation of biodiversity," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(1), pages 91-109, May.
    7. Desheng Wu & Shuzhen Chen, 2017. "Benchmarking Discount Rate in Natural Resource Damage Assessment with Risk Aversion," Risk Analysis, John Wiley & Sons, vol. 37(8), pages 1522-1531, August.
    8. Akbar Marvasti, 2006. "A Contingent Valuation of Customer Delay in Medical Services," Eastern Economic Journal, Eastern Economic Association, vol. 32(1), pages 31-45, Winter.
    9. Bockstael, Nancy E. & Freeman III, A. Myrick, 2006. "Welfare Theory and Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 12, pages 517-570, Elsevier.
    10. David Burgess, 2008. "Removing Some Dissonance From the Social Discount Rate Debate," University of Western Ontario, Economic Policy Research Institute Working Papers 20082, University of Western Ontario, Economic Policy Research Institute.
    11. Johnston, Robert J. & Opaluch, James J. & Mazzotta, Marisa J. & Magnusson, Gisele, 2004. "Who Are Resource Nonusers And What Can They Tell Us About Nonuse Values? An Application To Coastal Wetland Restoration," 2004 Annual meeting, August 1-4, Denver, CO 20353, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Joanna Burger & Michael Gochfeld & Karen Pletnikoff & Ronald Snigaroff & Daniel Snigaroff & Tim Stamm, 2008. "Ecocultural Attributes: Evaluating Ecological Degradation in Terms of Ecological Goods and Services Versus Subsistence and Tribal Values," Risk Analysis, John Wiley & Sons, vol. 28(5), pages 1261-1272, October.

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