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Endowing Fundamental Values: Willingness to Pay

In: Time and Money

Author

Listed:
  • Jean-Pierre Aubin

    (VIMADES (Viabilité, Marchés, Automatique et Décision))

Abstract

The concept of fundamental value mentioned by Turgot in his letter 6 − − 12 to Hume has known a recent revival under the name of “Willingness to Pay” for giving a value to public goods which cannot be exchanged, such as the evaluation of biodiversity (See [84, Hanemann], [78, Griffon], [125, Weber], [37, Évaluation économique de la biodiversité] de Brahic et J.-Ph. Terreaux and its bibliography, among an infinity of other publications on this topic).

Suggested Citation

  • Jean-Pierre Aubin, 2014. "Endowing Fundamental Values: Willingness to Pay," Lecture Notes in Economics and Mathematical Systems, in: Time and Money, edition 127, chapter 0, pages 85-104, Springer.
    • Handle: RePEc:spr:lnechp:978-3-319-00005-3_6
    DOI: 10.1007/978-3-319-00005-3_6
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