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We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis … mean marginal willingness to pay for an environmental public good decreases in society’s mean substitutability preference … and increases in the heterogeneity of individual-level substitutability preferences. We then introduce an experimental …
Persistent link: https://www.econbiz.de/10014578444
This paper exploits the distinction between preference and opportunity factors in a Random Utility and Random Opportunity (RURO) model of job choice (Aaberge, Dagsvik and Strøm, 1995, and Aaberge, Colombino and Strøm, 1999). We estimate the model on Belgian data (SILC 2007). To investigate to...
Persistent link: https://www.econbiz.de/10011537149
otherwise standard constant-elasticity-ofsubstitution (CES) utility specification. We study how substitutability between the … the CES-substitutability parameter, the level of income and the subsistence requirement. Our result that with a … subsistence requirement substitutability between different consumption goods is nonconstant but increases with individual income …
Persistent link: https://www.econbiz.de/10010226109
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Designing efficient environmental policies requires knowledge about households’ preference parameters for their intertemporal decisions. By conducting an original Internet-based survey using Japanese participants (n=2,906) and a follow-up survey (n=1,407), we examine how people evaluate...
Persistent link: https://www.econbiz.de/10011756009
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Recent research shows that urban heritage can be an important factor of residential location choice, and that especially highly educated households are attracted by the presence of cultural heritage. In this paper, we use a location choice model to investigate the attractiveness of neighborhood...
Persistent link: https://www.econbiz.de/10011553821