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Inequality and the value of public natural capital
Meya, Jasper; Baumgärtner, Stefan; Drupp, Moritz A.; … - 2020
We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory … values between study and policy contexts, or to up-scale values from study sites to the national scale. Our theory provides …
Persistent link: https://www.econbiz.de/10012387514
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The value of national defense : assessing public preferences for defense policy options
Qari, Salmai; Börger, Tobias; Lohse, Tim; Meyerhoff, … - 2023
Defense spending accounts for a large share of the budget in many countries, but the value of the resulting public good - national defense - has so far escaped assessment. Much of the literature has instead considered indirect benefits of defense spending in terms of greater economic growth or...
Persistent link: https://www.econbiz.de/10014450765
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Cost-benefit rules for public good provision with distortionary taxation
Edwards, Jeremy S. S. - 2001
The paper shows that a comparison of the appropriately-weighted sum of households marginal willingness to pay for a public good with the net effect of the increased supply of the public good on shadow, as distinct from actual, government revenue is a generally valid rule for public good...
Persistent link: https://www.econbiz.de/10011399689
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Public-good valuation and intrafamily allocation
Strand, Jon (contributor) - 2004
I derive values of marginal changes in a public good for two-person households, measured alternatively by household member is̕ willingness to pay (WTP) for the good on behalf of the household, WTPi(H), or by the sum of individual WTP values across family members, WTP(C). Households are assumed...
Persistent link: https://www.econbiz.de/10002523824
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Equal sacrifice and fair burden sharing in a public goods economy
Buchholz, Wolfgang (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003497740
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Relative price changes of ecosystem services : evidence from Germany
Heckenhahn, Jonas; Drupp, Moritz A. - 2022
substitutable with manufactured goods and often exhibit considerably lower growth rates. Theory has shown that we should either … is scarce. We provide first comprehensive country-specific evidence, taking Germany as a case study. We estimate growth … studies in Germany. We find that the relative price of ecosystem services has increased by more than four percent per year in …
Persistent link: https://www.econbiz.de/10013168021
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Limited substitutability, relative price changes and the uplifting of public natural capital values
Drupp, Moritz A.; Turk, Zachary; Groom, Benjamin; … - 2024
While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … empirical evidence has been sparse to put theory into practice. To estimate the relative price change in ecosystem services that …
Persistent link: https://www.econbiz.de/10014551808
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Global evidence on the income elasticity of willingness to pay, relative price changes and public natural capital values
Drupp, Moritz A.; Turk, Zachary; Groom, Benjamin; … - 2024
While the global economy continues to grow, ecosystem services tend to stagnate or decline. Economic theory has shown … been sparse to put theory into practice. To estimate relative price changes in ecosystem services to be used for making …
Persistent link: https://www.econbiz.de/10015125553
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Heterogeneous substitutability preferences
Drupp, Moritz A.; Meya, Jasper; Bos, Björn; Disque, Simon - 2024
We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis-a-vis private consumption goods and how it affects the economic valuation of environmental public goods. We show theoretically that mean marginal willingness to pay for an...
Persistent link: https://www.econbiz.de/10014578444
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Interdependent preferences for financing and providing public goods : the case of national defense
Bolouri, Armin A.; Lohse, Tim; Qari, Salmai - 2024
Governments often choose deficit financing over budget cuts or tax increases to fund public goods, driven by the political unpopularity of the latter options. This study investigates the potential trade-off between maintaining prudent public finances and securing voter support by analyzing the...
Persistent link: https://www.econbiz.de/10015178433