Option value (cost–benefit analysis)
id:
option-value-cost-benefit-analysis-196-12612956
title:
Option value (cost–benefit analysis)
text:
In cost–benefit analysis and social welfare economics, the term option value refers to the value that is placed on private willingness to pay for maintaining or preserving a public asset or service even if there is little or no likelihood of the individual actually ever using it. The concept is most commonly used in public policy assessment to justify continuing investment in parks, wildlife refuges and land conservation, as well as rail transportation facilities and services. It is also recogni
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Option_value_(cost%E2%80%93benefit_analysis)
date created:
date modified:
2023-09-21T09:59:22Z
main entity:
{"identifier":"Q7099016","url":"https://www.wikidata.org/entity/Q7099016"}
image:
fields total:
13
integrity:
13