Heterogeneous Preferences Regarding Global Climate Change
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 Technology
Volume (Year): 82 (2000)
Issue (Month): 4 (November)
|Contact details of provider:|| Web page: http://mitpress.mit.edu/journals/|
|Order Information:||Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535|
When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:82:y:2000:i:4:p:616-624. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristin Waites)
If references are entirely missing, you can add them using this form.