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Valuing Environmental Commodities: Some Recent Experiments

William D. Schulze, Ralph d'Arge and David Brookshire

Land Economics, 1981, vol. 57, issue 2, 151-172

Abstract: I compare the price elasticity of economic and political preferences. My central hypothesis is that willingness to pay, whether expressed verbally or through cash transactions, is more price-elastic for economic consumption goods than for public goods. I ...

Date: 1981
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Handle: RePEc:uwp:landec:v:57:y:1981:i:2:p:151-172