Coherent arbitrariness: On value uncertainty for environmental goods

N. Hanley; B. Kriström; J.F. Shogren

doi:10.3368/le.85.1.41

Coherent arbitrariness: On value uncertainty for environmental goods

N. Hanley, B. Kriström, J.F. Shogren

Research output: Contribution to journal › Article › peer-review

Abstract

This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a "value gap," the difference between the most someone is sure they would pay for an increase in an environmental good, and the smallest amount they are sure they would not pay. We also present a simple means of calculating aggregate willingness to pay from data on the range of willingness to pay expressed via a payment ladder

Original language	English
Pages (from-to)	41-50
Number of pages	10
Journal	Land Economics
Volume	85
Issue number	1
DOIs	https://doi.org/10.3368/le.85.1.41
Publication status	Published - 1 Jan 2009

Access to Document

10.3368/le.85.1.41

Cite this

@article{97b8add615364036bcef348daa99ff0f,

title = "Coherent arbitrariness: On value uncertainty for environmental goods",

abstract = "This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a {"}value gap,{"} the difference between the most someone is sure they would pay for an increase in an environmental good, and the smallest amount they are sure they would not pay. We also present a simple means of calculating aggregate willingness to pay from data on the range of willingness to pay expressed via a payment ladder",

author = "N. Hanley and B. Kristr{\"o}m and J.F. Shogren",

year = "2009",

month = jan,

day = "1",

doi = "10.3368/le.85.1.41",

language = "English",

volume = "85",

pages = "41--50",

journal = "Land Economics",

issn = "0023-7639",

publisher = "UNIV WISCONSIN PRESS",

number = "1",

}

TY - JOUR

T1 - Coherent arbitrariness

T2 - On value uncertainty for environmental goods

AU - Hanley, N.

AU - Kriström, B.

AU - Shogren, J.F.

PY - 2009/1/1

Y1 - 2009/1/1

N2 - This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a "value gap," the difference between the most someone is sure they would pay for an increase in an environmental good, and the smallest amount they are sure they would not pay. We also present a simple means of calculating aggregate willingness to pay from data on the range of willingness to pay expressed via a payment ladder

AB - This paper investigates the idea that people are unsure about the value they place on prospective changes in environmental goods. In particular, we focus on a parametric explanation of the determinants of a "value gap," the difference between the most someone is sure they would pay for an increase in an environmental good, and the smallest amount they are sure they would not pay. We also present a simple means of calculating aggregate willingness to pay from data on the range of willingness to pay expressed via a payment ladder

UR - http://www.scopus.com/inward/record.url?eid=2-s2.0-66549127368&partnerID=8YFLogxK

U2 - 10.3368/le.85.1.41

DO - 10.3368/le.85.1.41

M3 - Article

AN - SCOPUS:66549127368

SN - 0023-7639

VL - 85

SP - 41

EP - 50

JO - Land Economics

JF - Land Economics

IS - 1

ER -

Coherent arbitrariness: On value uncertainty for environmental goods

Abstract

Access to Document

Other files and links

Fingerprint

Cite this