Difference between revisions of "Option use value"
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(New page: An option use value is the value associated with keeping one's options open. In relation to the marine environment, an option use value could be further development of current uses in the ...) |
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An option use value is the value associated with keeping one's options open. In relation to the marine environment, an option use value could be further development of current uses in the future such as provision of food and employment. For example, it is predicted that the demand for building materials from the ocean will increase in the future, so the value of keeping this option open may need to be weighed against the value of other options that could impinge upon this future possibility. | An option use value is the value associated with keeping one's options open. In relation to the marine environment, an option use value could be further development of current uses in the future such as provision of food and employment. For example, it is predicted that the demand for building materials from the ocean will increase in the future, so the value of keeping this option open may need to be weighed against the value of other options that could impinge upon this future possibility. | ||
Revision as of 17:45, 6 January 2009
Future unknown adn speculative benefits
An option use value is the value associated with keeping one's options open. In relation to the marine environment, an option use value could be further development of current uses in the future such as provision of food and employment. For example, it is predicted that the demand for building materials from the ocean will increase in the future, so the value of keeping this option open may need to be weighed against the value of other options that could impinge upon this future possibility.
