Is Sympathy an Economic Value? Philosophy, Economics, and the Contingent Valuation Method
Is Sympathy an Economic Value? Philosophy, Economics, and the Contingent Valuation Method
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同情心是经济价值吗?
DOI:
10.1016/b978-0-444-81469-2.50017-1
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发表时间:
1993
期刊:
影响因子:
--
通讯作者:
Paul R. Milgrom
中科院分区:
文献类型:
--
作者:
Paul R. Milgrom
If a toxic chemical is spilled in a wilderness stream, leaving human lifestyles unaffected, has harm been done? To those concerned about animals, ecosystems, and the environment, the answer is surely yes. What is controversial is how to think about and measure the economic magnitude of the loss. These measurements affect government decisions about how much public money to allocate to prevent spills, which private sector projects on public lands and properties to approve, what mitigating measures to require, and so on. ² In addition, by determining the fines assessed by courts and agencies for environmental damage, such measurements influence the allocation of private resources among environmental preservation activities and between those activities and other valuable uses. There are several possible conceptions of the value of environmental resources, but only one has received much attention from economists-the approach based on the theory of public goods. In this theory, a (pure) public good is a good that, once created, is available to all without exclusion and for which the total cost and the quality of service do not depend on the number of people being served. National defense, educational television broadcasts, and protection of the ozone layer are examples. In the wilderness-as-public-good view, the existence or maintenance of a totally inaccessible wilderness area in its pristine state is a public good because knowledge of the existence can be enjoyed by many people without any congestion or crowding. The value to an individual of a pristine wilderness that will never be used, called the nonuse, or existence value, 4 is the largest amount that the person would be willing to pay to preserve the pristinity. The existence value to society as a whole is the total of all the individual existence values. In the quarter century since the idea of existence value was introduced (Krutilla, 1967), dozens of studies and research papers have sought to apply it by using survey methods called contingent valuations, which attempt to measure individual existence values directly, or “total” values that include existence values. 5