%0 Generic
%A Steinke, Marek
%A Trautmann, Stefan
%C Heidelberg
%D 2021
%F heidok:30637
%R 10.11588/heidok.00030637
%T Preferences For The Far Future
%U https://archiv.ub.uni-heidelberg.de/volltextserver/30637/
%V 0706
%X Both research and anecdotal evidence suggest that people care about long-run environmental outcomes, but often fail to act sustainably, endangering environmental stability. For a large population sample, we show that people substantially value the environment intrinsically, i.e., even after their own and their kin’s lifespan. Willingness-to-pay for very long-run environmental benefits not experienced by the respondent is similar to that of short-run benefits, experienced by the respondent. However, adding a cooperation  problem through uncertainty about other people’s preferences significantly decreases participants’ willingness-to-pay for both time frames, with respondents being pessimistic about others’ willingness to contribute.