Preferences for the far future

• Verfasst von: Steinke, Marek [VerfasserIn]
• Verfasst von: Trautmann, Stefan T. [VerfasserIn]
• Titel: Preferences for the far future
• Verf.angabe: Marek Steinke and Stefan Trautmann
• Verlagsort: Heidelberg
• Verlag: Heidelberg University, Department of Economics
• E-Jahr: 2021
• Jahr: 10 September 2021
• Umfang: 1 Online-Ressource (24 Seiten)
• Illustrationen: Illustrationen
• Gesamttitel/Reihe: AWI discussion paper series ; no. 706 (September 2021)
• DOI: doi:10.11588/heidok.00030637
• URN: urn:nbn:de:bsz:16-heidok-306376
• Datenträger: Online-Ressource
• Sprache: eng
• Form-SW: Graue Literatur
• K10plus-PPN: 1777314615
• K10plus-PPN:
  Universitätsbibliothek
• Lokale URL UB: Zum Volltext

Abstract

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.