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Accounting for income inequality in benefit transfers: The importance of the income elasticity of WTP

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  • Smith, V. Kerry

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  • Smith, V. Kerry, 2023. "Accounting for income inequality in benefit transfers: The importance of the income elasticity of WTP," Journal of Environmental Economics and Management, Elsevier, vol. 118(C).
    • Handle: RePEc:eee:jeeman:v:118:y:2023:i:c:s0095069622001346
    DOI: 10.1016/j.jeem.2022.102781
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    References listed on IDEAS

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    1. Jasper N. Meya, 2020. "Environmental Inequality and Economic Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(2), pages 235-270, July.
    2. Bruce D. Meyer & Wallace K. C. Mok & James X. Sullivan, 2015. "Household Surveys in Crisis," Journal of Economic Perspectives, American Economic Association, vol. 29(4), pages 199-226, Fall.
    3. Christian Kleiber, 2008. "A Guide to the Dagum Distributions," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: Duangkamon Chotikapanich (ed.), Modeling Income Distributions and Lorenz Curves, chapter 6, pages 97-117, Springer.
    4. Edward B. Barbier & Mikołaj Czajkowski & Nick Hanley, 2017. "Is the Income Elasticity of the Willingness to Pay for Pollution Control Constant?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(3), pages 663-682, November.
    5. Raymond J. Kopp & V. Kerry Smith, 1989. "Benefit estimation goes to court: The case of natural resource damage assessments," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 8(4), pages 593-612.
    6. V. Kerry Smith & Min Qiang Zhao, 2020. "Economy-Wide Modeling, Environmental Macroeconomics, and Benefit-Cost Analysis," Land Economics, University of Wisconsin Press, vol. 96(3), pages 305-332.
    7. Bengt Kristrom & Pere Riera, 1996. "Is the income elasticity of environmental improvements less than one?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 7(1), pages 45-55, January.
    8. Brown, Zachary Steven, 2022. "Distributional policy impacts, WTP-WTA disparities, and the Kaldor-Hicks tests in benefit-cost analysis," Journal of Environmental Economics and Management, Elsevier, vol. 113(C).
    9. Nicolai V. Kuminoff & V. Kerry Smith & Christopher Timmins, 2013. "The New Economics of Equilibrium Sorting and Policy Evaluation Using Housing Markets," Journal of Economic Literature, American Economic Association, vol. 51(4), pages 1007-1062, December.
    10. Baumgärtner, Stefan & Drupp, Moritz A. & Meya, Jasper N. & Munz, Jan M. & Quaas, Martin F., 2017. "Income inequality and willingness to pay for environmental public goods," Journal of Environmental Economics and Management, Elsevier, vol. 85(C), pages 35-61.
    11. Christopher R. Bollinger & Barry T. Hirsch & Charles M. Hokayem & James P. Ziliak, 2019. "Trouble in the Tails? What We Know about Earnings Nonresponse 30 Years after Lillard, Smith, and Welch," Journal of Political Economy, University of Chicago Press, vol. 127(5), pages 2143-2185.
    12. Moeltner, Klaus & Boyle, Kevin J. & Paterson, Robert W., 2007. "Meta-analysis and benefit transfer for resource valuation-addressing classical challenges with Bayesian modeling," Journal of Environmental Economics and Management, Elsevier, vol. 53(2), pages 250-269, March.
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    Cited by:

    1. Moritz A. Drupp & Jasper N. Meya & Björn Bos & Simon Disque, 2024. "Heterogeneous Substitutability Preferences," CESifo Working Paper Series 11197, CESifo.
    2. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2023. "Global evidence on the income elasticity of willingness to pay, relative price changes and public natural capital values," Papers 2308.04400, arXiv.org, revised Nov 2024.

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