TY  - GEN
EP  - 26
ID  - heidok30637
Y1  - 2021/09//
TI  - Preferences For The Far Future
AV  - public
T3  - Discussion Paper Series / University of Heidelberg, Department of Economics
A1  - Steinke, Marek
A1  - Trautmann, Stefan
UR  - https://archiv.ub.uni-heidelberg.de/volltextserver/30637/
N2  - 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.
CY  - Heidelberg
ER  -