Bequest value

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Bequest value, in economics, is the value of satisfaction from preserving a natural environment for future generations.[1]

[edit] References

  1. ^ Greenley, Douglas A., et al., Option Value: Empirical Evidence From a Case Study of Recreation and Water Quality, Quarterly Journal of Economics, Vol. 96, No. 4. (Nov., 1981), pp. 657-673.
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