GSTDTAP  > 资源环境科学
DOI10.1016/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
ISSN0921-8009
EISSN1873-6106
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
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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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