Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.ecolecon.2016.09.001 |
Waiting or acting now? The effect on willingness-to-pay of delivering inherent uncertainty information in choice experiments | |
Torres, Cati; Faccioli, Michela; Font, Antoni Riera | |
2017 | |
发表期刊 | ECOLOGICAL ECONOMICS
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ISSN | 0921-8009 |
EISSN | 1873-6106 |
出版年 | 2017 |
卷号 | 131 |
文章类型 | Article |
语种 | 英语 |
国家 | Spain |
英文摘要 | This paper analyzes the effect of inherent uncertainty on the willingness-to-pay (WTP) for a policy aimed at reducing expected climate change impacts. To do this, it relates outcome uncertainty to the probability of occurrence of one of these impacts within a given time horizon. Unlike the existing studies, this paper links outcome uncertainty to the uncontrollable component of environmental uncertainty derived from the stochastic nature of an ecosystem's behavior. Results show that the WTP for the policy in the presence of uncertainty does not decrease compared to the scenario where climate change impacts are assumed to occur with certainty. This suggests individuals are adopting a precautionary attitude when stating their WTP. Thus, the paper provides economic justification for preventive measures in highly uncertain contexts. However, findings are not conclusive with respect to the influence of the degree of uncertainty on the support for such measures. (C) 2016 Elsevier B.V. All rights reserved. |
英文关键词 | Preference analysis Inherent uncertainty Choice experiment Adaptation Climate change Precautionary principle |
领域 | 资源环境 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000388248600021 |
WOS关键词 | DONT-KNOW RESPONSES ; CONTINGENT VALUATION ; CLIMATE-CHANGE ; RESPONDENT UNCERTAINTY ; PREFERENCE UNCERTAINTY ; DECISION-MAKING ; ECONOMIC VALUE ; HEALTH-RISKS ; COMMUNICATION ; UTILITY |
WOS类目 | Ecology ; Economics ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Environmental Sciences & Ecology ; Business & Economics |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/15325 |
专题 | 资源环境科学 |
作者单位 | Univ Balearic Isl, Dept Appl Econ, Ctra Valldemossa Km 7-5, Palma De Mallorca 07122, Spain |
推荐引用方式 GB/T 7714 | Torres, Cati,Faccioli, Michela,Font, Antoni Riera. Waiting or acting now? The effect on willingness-to-pay of delivering inherent uncertainty information in choice experiments[J]. ECOLOGICAL ECONOMICS,2017,131. |
APA | Torres, Cati,Faccioli, Michela,&Font, Antoni Riera.(2017).Waiting or acting now? The effect on willingness-to-pay of delivering inherent uncertainty information in choice experiments.ECOLOGICAL ECONOMICS,131. |
MLA | Torres, Cati,et al."Waiting or acting now? The effect on willingness-to-pay of delivering inherent uncertainty information in choice experiments".ECOLOGICAL ECONOMICS 131(2017). |
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