Difference between revisions of "Option use value"

Latest revision as of 18:02, 6 January 2009

Definition of Option use value:

An option use value is the value associated with keeping one's options open^[1].

This is the common definition for Option use value, other definitions can be discussed in the article

↑ Beaumont, N.J.; Austen, M.C.; Atkins, J.P.; Burdon, D.; Degraer, S.; Dentinho, T.P.; Derous, S.; Holm, P.; Horton, T.; van Ierland, E.; Marboe, A.H.; Starkey, D.J.; Townsend, M.; Zarzycki, T. (2007). Identification, definition and quantification of goods and services provided by marine biodiversity: implications for the ecosystem approach. Mar. Pollut. Bull. 54(3): 253-265

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-An option use value is the value associated with keeping one's options open.
+{{ Definition|title= Option use value
+ | definition =
+An option use value is the value associated with keeping one's options open<ref>Beaumont, N.J.; Austen, M.C.; Atkins, J.P.; Burdon, D.; Degraer, S.; Dentinho, T.P.; Derous, S.; Holm, P.; Horton, T.; van Ierland, E.; Marboe, A.H.; Starkey, D.J.; Townsend, M.; Zarzycki, T. (2007). Identification, definition and quantification of goods and services provided by marine biodiversity: implications for the ecosystem approach. Mar. Pollut. Bull. 54(3): 253-265 </ref>.}}
-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.
+== References ==
 <references/>