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Heterogeneous Preferences Regarding Global Climate Change

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Author Info
David F. Layton
Gardner Brown
Abstract

We examine the structure of preferences for mitigating impacts of global climate change that will not occur during the lifetimes of most who are alive today. Because no market data exist for such distant markets, a statedpreference approach is used. The analysis is based on the random-parameters logit model, and the results indicate substantial heterogeneity in respondent preferences, that mean willingness to pay is a significant and increasing function of the scope of the impact, and, provocatively, that respondents have the same preferences over the two very different time horizons that we consider. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technolog

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Article provided by MIT Press in its journal The Review of Economics and Statistics.

Volume (Year): 82 (2000)
Issue (Month): 4 (November)
Pages: 616-624
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Handle: RePEc:tpr:restat:v:82:y:2000:i:4:p:616-624

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  11. Hu, Wuyang, 2008. "Modeling Yeah- and Nay-Saying to Alternatives in Conjoint Experiments," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6346, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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