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Control Number310360
Date and Time of Latest Transaction20150706093827.AM
General Information150706s |||||||||b ||00|||
Cataloging SourceSTII-DOST
Local Call NumberScienceDirect
Main Entry - Personal NameSugden, Robert
Title StatementMarket simulation and the provision of public goods A non-paternalistic response to anomalies inenvironmental evaluation by Robert Sugden
Physical Descriptionpages 87-103 computer file; text; 289kb
Summary, Etc.Most normative economics assumes that individuals have coherent preferences. This paper responds to growing evidence of failures of this assumption, particularly in the context of stated-preference methods widely used in environmental policy analysis. It proposes a non-paternalistic concept of consumer sovereignty that does not assume preference coherence, is satisfied by competitive markets, and can be applied to the provision of public goods. A key implication is that decisions should reflect valuations revealed 'at the point of consumption'. Such valuations, which can be inferred from hedonic prices, may be less susceptible to willingness-to-accept (WTA)/willingness-to-pay (WTP) disparities than those elicited by stated-preference methods
Subject Added Entry - Topical TermSocial sciences
 Welfare economics
 Social control
 Environmental evaluation
LocationDOST STII ScienceDirect NONPRINTS NP 14-15073 1 14-15073 Online/Download 2010-11-18
  
     
 
Physical Location
Department of Science and Technology
Science and Technology Information InstituteScienceDirect
  
     
 
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