Non-Market Valuation

Sébastien Roussel () and Léa Tardieu ()
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Léa Tardieu: BETA - Bureau d'Économie Théorique et Appliquée - AgroParisTech - UNISTRA - Université de Strasbourg - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UL - Université de Lorraine - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: Non-Market valuation is a set of techniques that aims at reflecting the economic value of changes, in the availability or quality, of goods and services that are not intended to be traded in the market (e.g., health care, education, environment). The objective is to estimate the impacts of these changes on one's utility and by extension on the social welfare, in order to manage these goods and services by considering their true value to society.

Keywords: Non-market Valuation; Value of changes (search for similar items in EconPapers)
Date: 2020
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Published in Encyclopedia of Law and Economics, Springer, pp.712, inPress, 978-1-4614-7753-2

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01945930

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