Coherent Arbitrariness: On Value Uncertainty for Environmental Goods
Copyright policy )Coherent Arbitrariness: On Value Uncertainty for Environmental Goods
This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a "value gap," the difference between the most someone is sure they would pay for an increase in an environmental good, and the smallest amount they are sure they would not pay. We also present a simple means of calculating aggregate willingness to pay from data on the range of willingness to pay expressed via a payment ladder.(JEL Q51, Q58)
- University of California, Davis United States
- UNIVERSITE PARIS DESCARTES France
- UNIVERSITE PARIS 1 France
- University of Wisconsin–Oshkosh United States
- UNIVERSITY OF WISCONSIN-MADISON United States
Environmental management, 330, Consumer behavior Mathematical models, CVM, Decision making Mathematical models, uncertainty, Environmental permits
Environmental management, 330, Consumer behavior Mathematical models, CVM, Decision making Mathematical models, uncertainty, Environmental permits
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).75 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!