Title

Do Causes Of Environmental Problems Affect Hicksian Equivalent Surplus? Evidence From The Field

Keywords

Field experiment; Non-market valuation

Abstract

Measuring preferences via stated methods remains the only technique to obtain the total economic value of a non-marketed good or service. This study examines if alternative causes of an environmental problem affect individual statements of compensation demanded. Making use of a unique sample drawn from the Netherlands, we find that Hicksian equivalent surplus (ES) is not significantly affected by causes of environmental harm. While our finding that agents only care about outcomes, rather than causes, is consonant with standard applications of utility theory, it is at odds with some recent experimental findings measuring the effects of cause on Hicksian compensating surplus (CS). © 2004 Elsevier B.V. All rights reserved.

Publication Date

11-1-2004

Publication Title

Economics Letters

Volume

85

Issue

2

Number of Pages

157-162

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/j.econlet.2004.02.019

Socpus ID

4544368459 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/4544368459

This document is currently not available here.

Share

COinS