Valuing Increments and Decrements in Natural Resource Service Flows
构建了一个与希克斯消费者剩余概念完全一致的自然资源服务流变化估值通用模型,适用于所有商品类别,并以野生动物相关设施变化为例进行了实证应用。
Abstract A general model for valuation of changes in natural resource service flows, entirely consistent with Hicksian concepts of consumer surplus, is developed. It is a total value model, applicable to all classes of goods: divisible and indivisible in production, divisible and indivisible in consumption, exclusive and nonexclusive. The standard result of partial equilibrium microeconomics—price is equal to value at the margin‐may be derived as a special case from this model. An empirical application involving the valuation of changes in the provision of wildlife‐related amenities is presented.