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Article Dans Une Revue Ecological Economics Année : 2007

The concept of Total Economic Value of environment: A reconsideration within a hierarchical rationality

Résumé

Beyond a purely typological distinction between use, option and non-use values, these different environmental values are not treated differently within the concept of Total Economic Value. When expressed in monetary terms from individual preferences, these values are incorporated into a sole approach reasoning in terms of utility. In this paper, we argue that option and non-use values stem from more different levels of choice problems than use values and thus, must be apprehended in a multidimensional framework. We distinguish three levels of choice problem to which various rationality criteria of Social Cost–Benefit Analysis are attached. This allows us to make a distinction between the different components of the value of the environment according to the level of problems to which they're relevant. Thus, we propose to re-interpret the concept of Total Economic Value, particularly option and non-use values, within this multidimensional framework. We present an application of this framework for the selection of preferred highway route (highway A85 in France).
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Dates et versions

hal-02897506 , version 1 (12-07-2020)

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  • HAL Id : hal-02897506 , version 1

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Plottu Eric, Béatrice Plottu. The concept of Total Economic Value of environment: A reconsideration within a hierarchical rationality. Ecological Economics, 2007, 61 (1), pp.52-61. ⟨hal-02897506⟩
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