Non-Market Valuation
Résumé
Non-Market valuation is a set of techniques that aims at reflecting the economic value of changes, in the availability or quality, of goods and services that are not intended to be traded in the market (e.g., health care, education, environment). The objective is to estimate the impacts of these changes on one’s utility and by extension on the social welfare, in order to manage these goods and services by considering their true value to society.