In the paper linked earlier*, the EQ-DAPHNIE team uses the concept of "option value" as a key justification for their project.

Definition: "...it provides a valuable stand-by service, so that its value cannot be measured by the number of its users or the fees collectable from them alone"
Weisbrod, 1964, p. 474
https://www.jstor.org/stable/1879478?seq=1

Feels like a reminder of something in the current HEI climate...

#PublicGoods #CollectiveGoods #PublicChoice #AcademicChatter

* https://mastodon.social/deck/@jrboehnke/114574706775225195