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...

A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...

We assess what drives the lower valuation of nature protection on the other side of the border in two European transboundary nature areas, the Białowieża Forest (Poland and Belarus), and Fulufjället (Norway and Sweden). Applying hybrid choice modelling, we account for people’s attitudes...