Amenity Value
Amenity value
The idea that something has worth because of the pleasant feelings it generates to those who use or view it. This value is often used in cost-benefit analysis, particularly in shadow pricing , to determine the worth of natural resources that will not be harvested for economic gain. A virgin forest will have amenity value, but its value will decrease if the forest is harvested, thus the amenity value is compared to the value of the harvested timber.
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Amenity Value