Preferences for the far future
Both research and anecdotal evidence suggest that people care about long-run environmental outcomes, but often fail to act sustainably, endangering environmental stability. For a large population sample, we show that people substantially value the environment intrinsically, i.e., even after their ow...
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| Main Authors: | , |
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| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Heidelberg
Heidelberg University, Department of Economics
10 September 2021
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| Series: | AWI discussion paper series
no. 706 (September 2021) |
| In: |
AWI discussion paper series (no. 706 (September 2021))
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| DOI: | 10.11588/heidok.00030637 |
| Subjects: | |
| Online Access: | Verlag, kostenfrei: http://archiv.ub.uni-heidelberg.de/volltextserver/30637/1/Steinke_Trautmann_2021_dp706.pdf Resolving-System, kostenfrei: https://doi.org/10.11588/heidok.00030637 Resolving-System: https://nbn-resolving.org/urn:nbn:de:bsz:16-heidok-306376 Langzeitarchivierung Nationalbibliothek: https://d-nb.info/1243589604/34 Verlag, kostenfrei: http://www.ub.uni-heidelberg.de/archiv/30637 Resolving-System, kostenfrei: http://hdl.handle.net/10419/261071 
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| Author Notes: | Marek Steinke and Stefan Trautmann |
| Summary: | Both research and anecdotal evidence suggest that people care about long-run environmental outcomes, but often fail to act sustainably, endangering environmental stability. For a large population sample, we show that people substantially value the environment intrinsically, i.e., even after their own and their kin's lifespan. Willingness-to-pay for very long-run environmental benefits not experienced by the respondent is similar to that of short-run benefits, experienced by the respondent. However, adding a cooperation problem through uncertainty about other people's preferences significantly decreases participants' willingness-to-pay for both time frames, with respondents being pessimistic about others' willingness to contribute. |
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| Physical Description: | Online Resource |
| DOI: | 10.11588/heidok.00030637 |