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The Willingness to Pay for Preventing Environmental Damage

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  • Benno Torgler
  • Maria A. Garcia-Valiñas

Abstract

Since the 70s, an increasing number of studies investigating environmental preferences have been made. However, papers related to a country and its regions or its development over time are still largely lacking, although it is a promising line to search empirically for factors that have been strongly neglected in previous studies. This paper therefore aims at reducing such shortcomings, and analyzes the willingness to pay (WTP) in Spain and its regions for the periods 1990, 1995 and 1999/2000, with data from the World Values Surveys and the European Values Surveys. The results indicate strong regional differences and strong differences between the first and the second half of the 90s. This paper also shows the relevance of strongly neglected variables such as political interest and social capital.

Suggested Citation

  • Benno Torgler & Maria A. Garcia-Valiñas, 2005. "The Willingness to Pay for Preventing Environmental Damage," CREMA Working Paper Series 2005-22, Center for Research in Economics, Management and the Arts (CREMA).
    • Handle: RePEc:cra:wpaper:2005-22
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    More about this item

    Keywords

    Environment; Willingness to Pay; Regional and Time Preferences; Political Interest; Social Capital;
    All these keywords.

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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