DocumentCode
2416802
Title
Notice of Retraction
Existence Value Measurement of Natural Resources and Environment: Holistic View Based on Common Goods
Author
Lu Yong-heng ; Ju Yao-ji ; Wei Fu-lei
Author_Institution
Coll. of Econ. & Manage., Heilongjiang Inst. of Sci. & Technol., Harbin, China
fYear
2010
fDate
7-9 May 2010
Firstpage
765
Lastpage
768
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The concept of existence value of natural resources and environment is ambiguous and overlapping for decades, while these definitions have not incorporate explicit measurement. In essence, natural resources and environment are all common goods, which are rivalrous and non-excludable from economic perspective. This paper argues that the free-rider problem within common goods elicits the notable diversity between willingness to pay (WTP) and willingness to accept (WTA). Furthermore, the connotation and range of existence value of natural resource and environment are redefined so as to make accurate measurement. The traditional environmental economic methods of cost-benefit analysis and shadow price are compared and blended to adjust the commonly used contingent valuation method (CVM) in existence value measurement.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The concept of existence value of natural resources and environment is ambiguous and overlapping for decades, while these definitions have not incorporate explicit measurement. In essence, natural resources and environment are all common goods, which are rivalrous and non-excludable from economic perspective. This paper argues that the free-rider problem within common goods elicits the notable diversity between willingness to pay (WTP) and willingness to accept (WTA). Furthermore, the connotation and range of existence value of natural resource and environment are redefined so as to make accurate measurement. The traditional environmental economic methods of cost-benefit analysis and shadow price are compared and blended to adjust the commonly used contingent valuation method (CVM) in existence value measurement.
Keywords
environmental economics; natural resources; economic; environment; existence value measurement; natural resources; willingness to accept; willingness to pay; Context; Cost accounting; Cost benefit analysis; Environmental economics; Pricing; Resource management; common goods; cost-benefit analysis; existence value; natural resources and environment; shadow price;
fLanguage
English
Publisher
ieee
Conference_Titel
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location
Guangzhou
Print_ISBN
978-0-7695-3997-3
Type
conf
DOI
10.1109/ICEE.2010.199
Filename
5591698
Link To Document