Valuing Option, Existence, and Bequest Demands for Wilderness
Land Economics1984Vol. 60(1), pp. 14–14
Citations Over TimeTop 1% of 1984 papers
Abstract
To assess the relative importance of current costs and future benefits of nuclear waste storage, we develop a simple model of bequest value. The basic model of nonparternalistic altruism is extended to account for the uncertain nature of the externality. ...
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