Recreation resources value itself can be divided into use-value and non-use value. Use-value is created by those who participate actually in the resources activity while non-use value accrues to those who do not participate but get external utility fr...
Recreation resources value itself can be divided into use-value and non-use value. Use-value is created by those who participate actually in the resources activity while non-use value accrues to those who do not participate but get external utility from the resources. Use-value again can be classified into market value as acquired by monetary spending and consumer surplus enjoyed free of charge by the consumer, Major review of this paper, however, is the unpriced non-use value concept which is still under controversy on their existence and measurement. Classified into option value, existence value and request, value, these unpriced value are reviewed historically and conceptually in this paper.