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We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory shows that both intra- and intertemporal inequality affect the social value of public natural capital. The direction and size of the effects are driven by the degree of...
Persistent link: https://www.econbiz.de/10012387514
find that how environmental inequality affects societal willingness to pay (WTP) for environmental local public goods is … inequality decreases societal (WTP) for substitutes, but this effect is reversed if environmental goods are complements or … environmental good endowment is high increases (decreases) societal WTP if and only if it is a substitute for (complement to …
Persistent link: https://www.econbiz.de/10011945006
Persistent link: https://www.econbiz.de/10014429261
Persistent link: https://www.econbiz.de/10012886171
willingness to pay (WTP) for environmental public goods. We find that social WTP for environmental goods increases with mean … substitutes (complements). Furthermore, social WTP for environmental normally changes more elastically with mean income than with … between a study site and a policy site. For illustration, we quantify how social WTP for environmental public goods depends on …
Persistent link: https://www.econbiz.de/10011440728
European and non-European studies which use a stated preference approach to uncover society's willingness to pay (WTP) for … agricultural landscape. Our calculations show that, the WTP in the EU varies between 134 and 201 €/ha with an average value of 149 …
Persistent link: https://www.econbiz.de/10011524907
In cities around the world, Covid-19 lockdowns have improved outdoor air quality, in some cases dramatically. Even if only temporary, these improvements could have longer-lasting effects on policy by making chronic air pollution more salient and boosting political pressure for change. To that...
Persistent link: https://www.econbiz.de/10012667160
How income and the valuation of environmental goods are related is a key question for science and policy, but the role of income inequality is often neglected. This paper studies how income inequality impacts the international transfer of environmental values-a practice called value or benefit...
Persistent link: https://www.econbiz.de/10011630957
How the valuation of environmental goods is related to income is a key question for environmental economics, but the role of income inequality is often neglected. We study how income inequality affects the international transfer of the valuation of environmental goods - a practice called value...
Persistent link: https://www.econbiz.de/10011689635
How the valuation of environmental goods is related to income is a key question for economics, but the role of income inequality is often neglected. We study how income inequality affects the international transfer of the estimated value of environmental goods from a study to a policy site - a...
Persistent link: https://www.econbiz.de/10011881752