STORRE
STORRE: Stirling Online Research Repository
http://hdl.handle.net/1893/1731| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Coherent arbitrariness: on value uncertainty for environmental goods |
| Author(s): | Hanley, Nicholas Kristrom, Bengt Shogren, Jason F |
| Contact Email: | n.d.hanley@stir.ac.uk |
| Keywords: | CVM uncertainty Environmental management Environmental permits Consumer behavior Mathematical models Decision making Mathematical models |
| Issue Date: | 1-Feb-2009 |
| Date Deposited: | 22-Oct-2009 |
| Citation: | Hanley N, Kristrom B & Shogren JF (2009) Coherent arbitrariness: on value uncertainty for environmental goods. Land Economics, 85 (1), pp. 41-50. http://le.uwpress.org/cgi/content/abstract/85/1/41 |
| 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.(JEL Q51, Q58) |
| URL: | http://le.uwpress.org/cgi/content/abstract/85/1/41 |
| Rights: | The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study. |
| Licence URL(s): | http://www.rioxx.net/licenses/under-embargo-all-rights-reserved |
| File | Description | Size | Format | |
|---|---|---|---|---|
| Hanley et al revised August 2007.pdf | Fulltext - Accepted Version | 234.56 kB | Adobe PDF | Under Embargo until 2999-12-02 Request a copy |
| Hanley et al revised August 2007.doc | Fulltext - Accepted Version | 156 kB | Unknown | Under Embargo until 2999-12-02 Request a copy |
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright |
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.