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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
Die Klimaschutzdiskussion wird von der Frage dominiert, welche gesamtwirtschaftlichen Kosten mit der Umgestaltung des Energiesystems zu klimaverträglichen Strukturen verbunden sind. Höhe und Verteilung dieser Kosten entscheiden darüber, ob sich umweltpolitische Strategien zum nachhaltigen...
Persistent link: https://www.econbiz.de/10013428246
mitigation. We conducted a framed-field experiment among a Germany-wide sample to provide a revealed preference study on the …
Persistent link: https://www.econbiz.de/10012671884
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
Persistent link: https://www.econbiz.de/10003497740
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
economic theory there is little reason to assume that this is a promising strategy. Financed by taxpayers' money, cities …
Persistent link: https://www.econbiz.de/10013399851
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
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
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