IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v69y1993i2p147-155.html
   My bibliography  Save this article

Environmental Preservation and Majority Decisions

Author

Listed:
  • Hans Gersbach

Abstract

In this paper we bring together the quasi-option value literature with a majority rule community decision-making scheme. It is shown that the quasi-option value is positive for a majority of voters if there exists a median voter who is dictatorial. However, the quasi-option value can be negative for a majority, or all community members, given the standard assumptions of the literature for which the quasi-option value for a single decision-maker would always be positive. But in some cases, this leads to majority decisions in favor of the irreversible development of natural resources when future information is taken into account.

Suggested Citation

  • Hans Gersbach, 1993. "Environmental Preservation and Majority Decisions," Land Economics, University of Wisconsin Press, vol. 69(2), pages 147-155.
    • Handle: RePEc:uwp:landec:v:69:y:1993:i:2:p:147-155
    as

    Download full text from publisher

    File URL: http://www.jstor.org/stable/pdfplus/3146515
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Moldovanu, Benny & Rosar, Frank, 2021. "Brexit: A comparison of dynamic voting games with irreversible options," Games and Economic Behavior, Elsevier, vol. 130(C), pages 85-108.
    2. Messner, Matthias & Polborn, Mattias K., 2012. "The option to wait in collective decisions and optimal majority rules," Journal of Public Economics, Elsevier, vol. 96(5), pages 524-540.
    3. Volker Britz & Hans Gersbach, 2021. "Pendular Voting," CER-ETH Economics working paper series 21/350, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:69:y:1993:i:2:p:147-155. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://le.uwpress.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.