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In the expected-utility theory of the monetary value of a statistical life, the so-called dead-anyway effect discovered …
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In the expected-utility theory of the monetary value of a statistical life, the so-called "dead-anyway" effect …
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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...
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