![The concept of Total Economic Value of environment: A reconsideration within a hierarchical rationality [An article from: Ecological Economics]](https://www.ebooknetworking.net/books/B00/0PD/bigB000PDT80U.jpg)
The concept of Total Economic Value of environment: A reconsideration within a hierarchical rationality [An article from: Ecological Economics]
Book Details
Author(s)E. Plottu, B. Plottu
PublisherElsevier
ISBN / ASINB000PDT80U
ISBN-13978B000PDT804
AvailabilityAvailable for download now
Sales Rank12,521,668
MarketplaceUnited States 🇺🇸
Description
This digital document is a journal article from Ecological Economics, published by Elsevier in 2007. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
Beyond a purely typological distinction between use, option and non-use values, these different environmental values are not treated differently within the concept of Total Economic Value. When expressed in monetary terms from individual preferences, these values are incorporated into a sole approach reasoning in terms of utility. In this paper, we argue that option and non-use values stem from more different levels of choice problems than use values and thus, must be apprehended in a multidimensional framework. We distinguish three levels of choice problem to which various rationality criteria of Social Cost-Benefit Analysis are attached. This allows us to make a distinction between the different components of the value of the environment according to the level of problems to which they're relevant. Thus, we propose to re-interpret the concept of Total Economic Value, particularly option and non-use values, within this multidimensional framework. We present an application of this framework for the selection of preferred highway route (highway A85 in France).
Description:
Beyond a purely typological distinction between use, option and non-use values, these different environmental values are not treated differently within the concept of Total Economic Value. When expressed in monetary terms from individual preferences, these values are incorporated into a sole approach reasoning in terms of utility. In this paper, we argue that option and non-use values stem from more different levels of choice problems than use values and thus, must be apprehended in a multidimensional framework. We distinguish three levels of choice problem to which various rationality criteria of Social Cost-Benefit Analysis are attached. This allows us to make a distinction between the different components of the value of the environment according to the level of problems to which they're relevant. Thus, we propose to re-interpret the concept of Total Economic Value, particularly option and non-use values, within this multidimensional framework. We present an application of this framework for the selection of preferred highway route (highway A85 in France).
