Is the income elasticity of environmental improvements less than one?
AbstractWe estimated the income elasticity of environmental improvements for a number of European data-sets. The value of this parameter is consistently found to be less than one, with few exceptions. Our findings are compared with state-of-the-art contingent valuation studies from other countries. We also compared our findings with those reported in the literature on charitable donations and corporate donations. These studies show a similar pattern; donations decrease as a percentage of income, as income increases. Copyright Kluwer Academic Publishers 1996
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental & Resource Economics.
Volume (Year): 7 (1996)
Issue (Month): 1 (January)
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Web page: http://www.springerlink.com/link.asp?id=100263
Distributional issues; environmental elitism; income elasticity; valuation;
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