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OPTION VALUE

OPTION VALUE The option value of a good is the amount which potential consumers of the good are prepared to pay now, to ensure that the good remains available for future purchase. Option values should be considered when making resource allocation decisions, so that efficient decisions are made. The theoretical basis of option value is described and the problems involved in the recognition, use and measurement of option value are discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

OPTION VALUE

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Publisher
Wiley
Copyright
Copyright © 1975 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1975.tb00158.x
Publisher site
See Article on Publisher Site

Abstract

The option value of a good is the amount which potential consumers of the good are prepared to pay now, to ensure that the good remains available for future purchase. Option values should be considered when making resource allocation decisions, so that efficient decisions are made. The theoretical basis of option value is described and the problems involved in the recognition, use and measurement of option value are discussed.

Journal

The Australian Journal of Agricultural Resource Economics – Wiley

Published: Dec 1, 1975

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