Measurement of use value and non-use value of environmental quality consistent with general equilibrium approach
Naoki Sakamoto () and
Kazunori Nakajima ()
ERSA conference papers from European Regional Science Association
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. JEL Classifications: C68, Q51, Q54 Keywords: Computable general equilibrium models;Use value; Non-use value
JEL-codes: C68 Q51 Q54 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-env, nep-res and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa14p1105
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