Existence value, biodiversity, and the utilitarian dilemma / Bartosz Bartkowski ; Helmholtz-Zentrum für Umweltforschung - UFZ, Department of Economics
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Discovery
884605787
URN
urn:nbn:de:gbv:3:2-79541
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Leipzig : Helmholtz-Zentrum für Umweltforschung GmbH - UFZ, March 2017
Umfang
1 Online-Ressource (17 Seiten, 0,3 MB) : Diagramm
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
Existence value has been argued to be a significant part of the total economic value of some ecosystems. However, its compatibility with the welfare economic foundations of economic valuation is very limited - it is difficult to logically conceive of changes in existence. Moreover, when applied to biodiversity, the concept of existence value gives rise to an instance of a more fundamental problem of economic valuation, termed here the utilitarian dilemma: it can be argued conceptually that biodiversity cannot have existence value; yet the results of empirical studies suggest that people in stated preference studies can be expected to assign existence value to it. The utilitarian dilemma arises as the analysing economist must deal somehow with 'erroneous' preferences. There seems to be no simple solution to the dilemma, but deliberative monetary valuation has the potential to alleviate it.
Schriftenreihe
UFZ-Diskussionspapiere ; 2017, 2 ppn:635135833