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We study how the distribution of income among members of society, and income inequality in particular, affects social willingness to pay (WTP) for environmental public goods. We find that social WTP for environmental goods increases with mean income, and decreases (increases) with income...
Persistent link: https://www.econbiz.de/10011442171
Understanding what influences the value of nature is crucial for informing environmental policy. From a sustainability perspective, economic valuation should not only seek to determine willingness to pay for environmental goods to devise an efficient allocation of scarce resources, but should...
Persistent link: https://www.econbiz.de/10011753717