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Below each valuation concept. outside the scope of this paper. * indirect use value includes the benefits derivedbasicallyfrom functional services that the enviromnent provides to support currentproduction andconsumption(e. some of the enthusiasm has waned for applying such a complexsystem rigorously (Little and Mirrlees. the indirect use value (IUV) and the option value (OV) (potentialuse value). although the valuer has no intention of using it.

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