Existence Value of Environmental Amenities, Other Non-market Goods and Services: A Survey and Critique

Abstract

The purpose of this paper is to review the environmental economics approaches to evaluate environmental amenities, other non-market goods and services. The paper first examines the accuracy and availability of some method of evaluate to environmental goods. Finally, this papers showed that the existence value of environmental quality is defined by compensating variation within the context of simple partial equilibrium model as based on revealed preference model.