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

Konferenzbeitrag

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: 54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia

Classification and Topics

• Classification: Wirtschaft ; Computable General Equilibrium Models ; Valuation of Environmental Effects ; Climate; Natural Disasters and Their Management; Global Warming
• Subject: Computable general equilibrium models ; Use value ; Non-use value

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Sakamoto, Naoki ; Nakajima, Kazunori
• Event: Veröffentlichung
• (who): European Regional Science Association (ERSA)
• (where): Louvain-la-Neuve
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/124455
• Last update: 10.03.0030, 11:43 AM CET