کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
959346 | 929218 | 2009 | 17 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Market simulation and the provision of public goods: A non-paternalistic response to anomalies in environmental evaluation Market simulation and the provision of public goods: A non-paternalistic response to anomalies in environmental evaluation](/preview/png/959346.png)
Most normative economics assumes that individuals have coherent preferences. This paper responds to growing evidence of failures of this assumption, particularly in the context of stated-preference methods widely used in environmental policy analysis. It proposes a non-paternalistic concept of consumer sovereignty that does not assume preference coherence, is satisfied by competitive markets, and can be applied to the provision of public goods. A key implication is that decisions should reflect valuations revealed ‘at the point of consumption’. Such valuations, which can be inferred from hedonic prices, may be less susceptible to willingness-to-accept (WTA)/willingness-to-pay (WTP) disparities than those elicited by stated-preference methods.
Journal: Journal of Environmental Economics and Management - Volume 57, Issue 1, January 2009, Pages 87–103