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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 constant under very restrictive conditions, which are...
Persistent link: https://www.econbiz.de/10011165186
This paper presents a new approach for understanding the effects of economic factors on biodiversity change over the long run. We illustrate this approach by studying the determinants of biodiversity change in upland Scotland from 1600 to 2000. The measure of biodiversity used is a proxy for...
Persistent link: https://www.econbiz.de/10005294208
How willingness to pay for environmental quality changes as incomes rise is a central question in several areas of environmental economics. This paper explores both theoretically and empirically whether or not the willingness to pay (WTP)for pollution control varies with income. Our model...
Persistent link: https://www.econbiz.de/10012915142
This paper presents an econometric analysis of the relationship between economic and environmental factors and biodiversity change in Scotland over the period 1600-2000. Our main hypothesis is that economic development, as captured by changes in prices, technological improvements and management...
Persistent link: https://www.econbiz.de/10012726398
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