search query: @indexterm Economic planning / total: 194
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| Author: | Johansson-Stenman, O. |
| Title: | The importance of ethics in environmental economics with a focus on existence values |
| Journal: | Environmental and Resource Economics
1998 : APR/JUN, VOL. 11:3-4, p. 429-442 |
| Index terms: | ECONOMIC PLANNING ENVIRONMENT ECONOMICS |
| Language: | eng |
| Abstract: | The importance of ethics and fundamental value judgments in environmental economics is high-lighted by discussing the controversial concept of existence values. The social value depends crucially on the social objective, which is not necessarily self-evident, e.g., since some individuals tend to value nature intrinsically. It is shown that the motives behind willingness to pay figures matter for the social value, and the conventional view that people respond to CV questions solely in order to maximize their own utility or well-being is questioned. |
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