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to pay (WTP) for the environmental good is determined both by its substitutability and by the correlation of its … provision with income. Specifically, environmental inequality decreases societal WTP for substitutes, but this effect is … that richer households living in places where environmental good endowment is high increases (decreases) societal WTP if …
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There are many reasons that the losses caused by extreme weather events are escalating year by year in Hungary. They include Hungary's geographical characteristics, climate change, river regulation and the expansion of cultivated land. Changes in land use have hugely damaged natural capital,...
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Benefit transfer has been an important, practical policy tool appealing to government agencies, especially when time or budget is constrained. However, the existing literature fails to support convergent validity of benefit transfer using the stated-preference method. This empirical study...
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