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Promoting Recycling: Private Values, Social Norms, And Economic Incentives, W. Kip Viscusi
Promoting Recycling: Private Values, Social Norms, And Economic Incentives, W. Kip Viscusi
Vanderbilt Law School Faculty Publications
Individual behaviors that benefit the environment are potentially influenced by personal values of environmental quality, social norms that encourage proenvironmental actions, and economic incentives. Economic incentives often loom particularly large, including those that result from environmental policies. Less well understood are the respective roles of private values and social norms. Do people undertake proenvironmental actions more out of their personal valuations of the environment that might be characterized as warm glow effects or from the social norms that reinforce proenvironmental behaviors?
Estimating Discount Rates For Environmental Quality From Utility-Based Choice Experiments, W. Kip Viscusi
Estimating Discount Rates For Environmental Quality From Utility-Based Choice Experiments, W. Kip Viscusi
Vanderbilt Law School Faculty Publications
We estimate rates of time preference using a utility-based choice experiment administered to a nationally representative sample of 2,914 respondents. For the full sample, the rate of time preference is very high for immediate benefits and drops off substantially thereafter, which is inconsistent with exponential discounting but consistent with hyperbolic discounting. Estimates of the hyperbolic discounting parameter range from 0.48 to 0.61. Visitors to water bodies have low rates of discount but exhibit hyperbolic discounting, whereas those who do not visit have consistently high rates of discount and low valuations of water quality.
Rational Discounting For Regulatory Analysis, W. Kip Viscusi
Rational Discounting For Regulatory Analysis, W. Kip Viscusi
Vanderbilt Law School Faculty Publications
No abstract provided.