Valuing Environmental Commodities: Some Recent Experiments
William D. Schulze,
Ralph d'Arge and
Land Economics, 1981, vol. 57, issue 2, 151-172
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 ...
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