Bequest value

Bequest value, in economics, is the value of satisfaction from preserving a natural environment or a historic environment, in other words natural heritage or cultural heritage for future generations.Greenley, Douglas A., et al., Option Value: Empirical Evidence From a Case Study of Recreation and Water

Quality, Quarterly Journal of Economics, Vol. 96, No. 4. (Nov., 1981), pp. 657-673.Urban Practitioners for English Heritage, The Heritage Dividend Methodology: Measuring the impact of heritage projects, 2005, http://www.helm.org.uk/upload/pdf/Heritage-Dividend-Methodology.pdf.

It is often used when estimating the value of an environmental service or good. Together with the existence value, it makes up the non-use value of such an environmental service or good.{{cite book|url=https://eclass.unipi.gr/modules/document/file.php/NAS247/tselepidis/ATT00106.pdf|edition=3|author=Perman, Roger|display-authors=et al|isbn=0273655590|year=2003|title=Natural Resource and Environment Economics|publisher=Pearson|pages=401–403|access-date=2018-06-18|archive-date=2018-06-18|archive-url=https://web.archive.org/web/20180618102355/https://eclass.unipi.gr/modules/document/file.php/NAS247/tselepidis/ATT00106.pdf|url-status=dead}}