eprintid: 30637
rev_number: 16
eprint_status: archive
userid: 3114
dir: disk0/00/03/06/37
datestamp: 2021-10-19 11:41:26
lastmod: 2021-12-15 16:33:45
status_changed: 2021-10-19 11:41:26
type: workingPaper
metadata_visibility: show
creators_name: Steinke, Marek
creators_name: Trautmann, Stefan
title: Preferences For The Far Future
subjects: ddc-330
divisions: i-181000
abstract: 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.
date: 2021-09
id_scheme: DOI
id_number: 10.11588/heidok.00030637
schriftenreihe_cluster_id: sr-3
schriftenreihe_order: 0706
ppn_swb: 1777314615
own_urn: urn:nbn:de:bsz:16-heidok-306376
language: eng
bibsort: STEINKEMARPREFERENCE202109
full_text_status: public
series: Discussion Paper Series / University of Heidelberg, Department of Economics
volume: 0706
place_of_pub: Heidelberg
pages: 26
citation:   Steinke, Marek ; Trautmann, Stefan  (2021) Preferences For The Far Future.  [Working paper]     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/30637/1/Steinke_Trautmann_2021_dp706.pdf