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Valuing Environmental Commodities: Some Recent Experiments

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  • William D. Schulze
  • Ralph C. d'Arge
  • David S. Brookshire

Abstract

I compare the price elasticity of economic and political preferences. My central hypothesis is that willingness to pay, whether expressed verbally or through cash transactions, is more price-elastic for economic consumption goods than for public goods. I ...

Suggested Citation

  • William D. Schulze & Ralph C. d'Arge & David S. Brookshire, 1981. "Valuing Environmental Commodities: Some Recent Experiments," Land Economics, University of Wisconsin Press, vol. 57(2), pages 151-172.
    • Handle: RePEc:uwp:landec:v:57:y:1981:i:2:p:151-172
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