Nonuse values - PowerPoint PPT Presentation

Chapter 3 Valuing the Environment: Methods

Chapter 3 Valuing the Environment: Methods. Environmental Economics and Policy Sixth Edition By Tom Tietenberg and Lynne Lewis. Risk Assessment ( Human-centered). Purpose is to determine if a substance is harmful and at what degree of exposure or concentration

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Price and Value in Env. Law: What’s a Polar Bear Worth?

Price and Value in Env. Law: What’s a Polar Bear Worth?. Can you find a market price?. Use Value Marketed commodities (timber from forests, food fish) Nonmarketed commodities (hiking). Nonuse Values Option value Existence value Bequest value. Two kinds of value:. Establishing Use Values.

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