Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/124455
Authors: 
Sakamoto, Naoki
Nakajima, Kazunori
Year of Publication: 
2014
Series/Report no.: 
54th Congress of the European Regional Science Association: "Regional development & globalisation: Best practices", 26-29 August 2014, St. Petersburg, Russia
Abstract: 
This paper proposes the consistent method with general equilibrium models to measure use value and non-use value of large-scale change in environmental quality. First, we develop a general equilibrium model that parameters of the utility function with environmental quality as a dependent variable can be estimated on the basis of the travel cost method and the contingent variation method. Second, we examine to identify the general equilibrium impact of environmental quality by a comparative static analysis. Third, considering change in prices and income, we decompose the benefits from change in environmental quality into use value and non-use value.
Subjects: 
Computable general equilibrium models
Use value
Non-use value
JEL: 
C68
Q51
Q54
Document Type: 
Conference Paper

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