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Media type:
Report;
E-Book
Title:
Preferences for the far future / Marek Steinke and Stefan Trautmann
Contributor:
Steinke, Marek
[Author];
Trautmann, Stefan T.
[Author]
imprint:
Heidelberg: University of Heidelberg, Department of Economics, 2021
Language:
English
DOI:
https://doi.org/10.11588/heidok.00030637
Origination:
Footnote:
Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
Description:
Both research and anecdotal evidence suggest that people care about long-run environmental outcomes, but often fail to act sustainably, endangering environmental stability. For a large population sample, we show that people substantially value the environment intrinsically, i.e., even after their own and their kin's lifespan. Willingness-to-pay for very long-run environmental benefits not experienced by the respondent is similar to that of short-run benefits, experienced by the respondent. However, adding a cooperation problem through uncertainty about other people's preferences significantly decreases participants' willingness-to-pay for both time frames, with respondents being pessimistic about others' willingness to contribute.