Endowing Fundamental Values: Willingness to Pay

Jean-Pierre Aubin
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Jean-Pierre Aubin: VIMADES (Viabilité, Marchés, Automatique et Décision)

Chapter Chapter 6 in Time and Money, 2014, pp 85-104 from Springer

Abstract: 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).

Keywords: Transaction Cost; Lower Semicontinuous; Temporal Window; Viability Solution; Endowment Effect (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-319-00005-3_6

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DOI: 10.1007/978-3-319-00005-3_6

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