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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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:59:y:1983:i:4:p:14-29
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