Construct · 1 fields · 1 citations

quasi-option value: a standalone construct

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Environmental economics

the value of keeping options open by postponing an irreversible decision when more information about its consequences may arrive.

In environmental economics, quasi-option value refers to the value of keeping options open by postponing an irreversible decision when more information about its consequences may arrive. This meaning comes from Arrow (1974) in The Quarterly Journal of Economics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

information4 fields · 5 citationsjingle · one word, four constructs value6 fields · 12 citationsjingle · one name, six constructs

References

Arrow, K. J., & Fisher, A. C. (1974). Environmental Preservation, Uncertainty, and Irreversibility. The Quarterly Journal of Economics, 88(2), 312. https://doi.org/10.2307/1883074

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