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Valuing Option, Existence, and Bequest Demands for Wilderness

Richard G. Walsh, John Loomis and Richard A. Gillman

Land Economics, 1983, vol. 59, issue 4, 14-29

Abstract: To assess the relative importance of current costs and future benefits of nuclear waste storage, we develop a simple model of bequest value. The basic model of nonparternalistic altruism is extended to account for the uncertain nature of the externality. ...

Date: 1983
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