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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/10011945956
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/10012425658
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 …
Persistent link: https://www.econbiz.de/10014503668
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
Persistent link: https://www.econbiz.de/10012289540
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/10012255925
Persistent link: https://www.econbiz.de/10010429821
Persistent link: https://www.econbiz.de/10011846933