Barbier, Edward B.; Czajkowski, Mikolaj; Hanley, Nick - Environmental Economics Research Group, Department of … - 2015
This paper explores both theoretically and empirically whether or not the willingness to pay (WTP) for pollution … control varies with income. Our model indicates that the income elasticity of the marginal WTP for pollution reduction is only … pollution and income. Our empirical analysis tests the null hypothesis that the elasticity of the WTP for pollution control with …